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Mortgage Disclosure Cures and Corrections—Mitigating Liability

Thursday, July 11, 2019 • 2:00 - 3:30 p.m. ET

2.0 CRCM

Can lenders correct mistakes in mortgage disclosures? If so, how? Join our expert panelists for definitive answers and compliance solutions to these vexing questions.

The Truth in Lending Act (TILA) provides for both cures that avoid violations and corrections that extinguish liability for violations. Our legal experts will detail differences and benefits of each approach, when they are available, and steps required to benefit from these protections. The webinar will explain Unfair, Deceptive, Abusive Acts or Practices’ (UDAAP’s) personal liability provisions and risks associated with failure to cure and “willful blindness.” Additionally, former Consumer Financial Protection Bureau enforcement attorney will address Bureau and Department of Justice guidance on self-reporting and provide valuable insight into what and when to self-report and the nature of enforcement actions that invoke personal liability.

Discussion Highlights:

  • Mitigating risk
    • Fixing disclosure mistakes; self-correcting mistakes; curing
    • Executive management’s individual liability under UDAAP—decisive response vs. deliberate ignorance
  • Self-reporting to regulators
    • Examine the CFPB’s guidance
    • Review the U.S. Attorney’s manual
    • Discuss what and whether to self-report

Speakers:

  • David J. Shirk, Member, LotsteinLegal PLLC
  • J.H. Jennifer Lee, Partner, Arent Fox LLP
  • Rod Alba, Senior Vice President, Real Estate Finance and Senior Regulatory Counsel, American Bankers Association (Moderator)

 

 Continuing Education Credits

 

ABA Professional Certifications has approved this program for 2.0 CRCM continuing education credits for the live program and the recording.

This group-live event is eligible for 1.5 CPE credits for CPAs (Regulatory Ethics). Recordings are not eligible for CPE credits. No prerequisites required.

CPE logo

American Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

 

 Purchase

 

Live Webinar or Recording


Live registration provides a connection for one room where unlimited listeners can be present, and streaming recording access FREE for 7 days.

 

 Audience

 
  • Compliance Officers and Managers
  • Chief Lending Officers
  • Mortgage Lenders
  • Loan Officers
  • Mortgage Loan Managers
  • Risk Managers and Auditors
  • Chief Operating Officers
  • Bank Counsel
  • CRCMs, CPAs

 

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