WHO SHOULD ATTEND? 

This informative session is designed for loan officers, loan support staff, compliance officers, auditors, and others responsible for origination and servicing of HELOCs.

WHAT YOU WILL LEARN 

• Identify regulatory compliance disclosures, including the required program specific HELOC disclosure and brochure

• Flood FAQs specific to HELOCs

• Periodic statement requirements including a checklist to verify statement contents

• Properly meeting right of rescission requirements

• How to handle a decline in home value, including examples of calculating what is a “significant decline”

• Understanding compliance and fair lending risks when property values change

• Interagency guidance when the draw period is ending

• HELOC disclosure compliance checklist