Mortgage Procedure Guide to Federal and State Compliance

This comprehensive guide helps lenders hedge risk by identify the compliance requirements in complex consumer protection laws at the federal and state level. Organized by compliance area by Jeffrey Torp, the four main sections cover the development of policies and procedures, federal laws and regulations that apply to mortgages, federal compliance procedures, and state compliance and procedures.

Select a format

Book + CD
ISBN: 9780769878409
In Stock
eBook :epub
ISBN: 9780769879826
In Stock
Best value
eBook :mobi
ISBN: 9780769879826
In Stock
Best value
International Order Inquiry

Product details

View a sample of this title using the ReadNow feature

The most significant area of risk in the mortgage banking industry is compliance liability. Lenders must understand and comply with a myriad of federal and state laws and regulations governing loan negotiation, origination, and servicing. With the Mortgage Procedure Guide to Federal and State Compliance you can quickly identify operational weaknesses affecting your bottom line.

The manual is written for those who work at the policy and compliance level — the chief operating officer, the director of compliance, the director of quality control, the director of risk management, the director of secondary market, and the chief privacy officer or head of security.

This manual is designed to help lenders hedge compliance risk. It helps you identify the compliance re-quirements in complex consumer protection laws at the federal and state level. The Mortgage Procedure Guide to Federal and State Compliance is organized by compliance area and is designed to help you reduce compliance risk by quickly identifying and creating the policies you need to comply with federal and state requirements.

•  Part 1 gets you started on developing policies and procedures for your company.
•  Part 2 addresses federal compliance issues.
•  Part 3 addresses federal compliance procedures.
•  Part 4 addresses state compliance procedures.

The eBook versions of this title feature links to Lexis Advance for further legal research options.

Authors / Contributors

Table of Contents

Part 1: Writing Your Manual

Chapter 1 Developing Your Policies and Procedures Manual

Part 2: Federal Compliance

Chapter 2 Truth-in-Lending/Regulation Z and Nontraditional Mortgage Guidance

Chapter 3 Real Estate Settlement Procedures Act and Regulation X

Chapter 4 Fair Lending — Fair Housing Act and Equal Credit Opportunity Act

Chapter 5 Home Mortgage Disclosure Act/Regulation C

Chapter 6 National Flood Insurance Program

Chapter 7 Gramm-Leach-Bliley Act

Chapter 8 Fair Credit Reporting Act

Chapter 9 USA PATRIOT Act

Chapter 10 Alternative Mortgage Transaction Parity Act and Federal Preemption

Chapter 11 Laws on Lender Advertising

Chapter 11A The SAFE Act

Part 3: Federal Procedures

Chapter 12 Federal Consumer Disclosure Requirements

Chapter 13 Early Loan Disclosures

Chapter 14 Finance Charge Procedures

Chapter 15 Notice of Action Taken

Chapter 16 Notice of Right to Cancel

Chapter 17 Capturing the Required Loan Application Register Data

Part 4: State Compliance and Procedures

Chapter 18 State Licensing Requirements for Residential Mortgage Loan Brokers, Lenders, and Services

Chapter 19 State Books and Records Requirements

Chapter 20 State Laws on Late Fees Charged with Residential Mortgage Loans

Chapter 21 State Laws on Prepayment Penalties and High-Cost Home Loans

Chapter 22 Marital Rights and Signature Requirements

Chapter 23 Trustee Restrictions and Requirements

Chapter 24 Closing Practices — Wet Settlement or Good Funds

Chapter 25-28 [Reserved]