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How to Comply with Regulation Z's Rescission Rules
• The Audio and Slides for this course are through your computer. 2.0 Total Credits |
| Note: This tele-web seminar will begin on Thursday, July 1, 2010 at 12:30 PM to 2:30 PM Mountain Time. |
Click here for more information and/or to register online.
Regulation Z contains a number of complex and confusing provisions. The rules related to the borrower`s right to rescind a transaction are at the head of the list. Few topics generate more litigation or more questions.
Whether originating loans or reviewing completed loans for compliance, this program will meet your needs. All of the rules, from providing the notice of rescission to undoing transactions that the consumer has rescinded, are covered. The program explains what transactions are subject to the right to rescind, who has the right to rescind, how to handle rescission, and how to fix problems when they occur.
Why Participate?
The rescission rules are complex and lead to numerous violations and lawsuits. The key to preventing the violations and lawsuits is knowledge. This two-hour program explains all of the rescission rules. It provides easy to understand answers to questions. And, it provides a system to assure compliance. Participants receive a detailed manual that serves as a handbook
long after the program is completed.
Highlights
This two-hour program reviews all of the rescission rules, including,
but not limited to:
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What transactions are subject to the right to rescind?
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Who has the right to rescind?
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How to handle rescission for both open-end and closed-end credit;
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What transactions are or are not rescindable?
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How long does the rescission period last and when does it begin?
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How do I know which of the seven model rescission forms to
use?
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What is the potential liability if an error occurs and how are errors
corrected?
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Who has the right to waive the right to rescind?
Speaker
Jack Holzknecht, a principal with Pegasus Educational Services, LLC, has provided training to thousands of bankers and examiners for 27 years. Jack’s career began as a federal bank examiner. He also headed the form and software division of a regional consulting
company and spent 7 years in charge of their education division. He also developed and delivered training for the FDIC and OTS.
Audience
The program is designed for loan originators, loan officers, lending department management, compliance officers and auditors. A basic understanding of Regulation Z is assumed.
CE Awarded: 2 hrs. w/the Texas State Board of Public Accountancy
CE Applied: 2.5 hrs. CRCM/CLBB/CCSR w/the Institute of Certified Bankers
What is a Webinar?
A webinar is an online seminar featuring live audio and PowerPoint slides. Everything is delivered through your PC. No special hardware is needed; however, speakers or headphones are required. The program consists of 90 minutes instruction and 30 minutes live Q&A. Each webinar registration provides 1 connection to the live webinar, written materials and access to the On-Demand Webinar for 30 days following the broadcast. You may have unlimited listeners on your connection by PC. You will receive written materials and instructions prior to the seminar. If you do not receive a confirmation at least 2 days prior to the event call 888-262-7701.
Transmission, retransmission or republishing of the seminar is prohibited. Your registration entitles you to 1 connection at 1 location with permission to copy materials for participants. Complete one registration per location.
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