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Today is: December 14, 2018  
 

 

Upcoming BCG Webinars

BCG Webinars are an optional resource offered once a month over the Web. Topics include Levies and Executions, New Accounts Documentation, Flood Insurance and Doing Business with Family Trusts. Additional Webinars will be posted below as their respective dates approach. To view past Webinar schedules and descriptions, click here or contact us if you have additional questions.  To order past Webinar CD-Roms, click here.

Upcoming BCG Webinars        

 

 

Servicemember Protections Refresher

Thursday, January 24, 2019

10:00 a.m. - 12:00 p.m.

Servicemembers who wish to borrow money are protected by two very different bodies of law: the Military Lending Act (MLA) and the Servicemembers Civil Relief Act (SCRA). Together the MLA and SCRA provide a complex array of protections to servicemembers. For example, the SCRA imposes a maximum interest rate of 6% on all credit extended to active duty servicemembers but only if the loan was made before active duty commenced. The MLA regulations, in contrast, generally apply to credit extended during the period of active military service. The MLA imposes a maximum “military APR,” requires certain disclosures, and prohibits certain contract provisions such as waivers of rights. The MLA even specifically regulates how a creditor is to determine the military status of an applicant who applies for a covered loan.

In this webinar we will carefully walk through the coverage, exemptions, required disclosures and substantive requirements of the MLA and the SCRA.

 

 
 
 
 
 
 
 

 

 

Regulatory Compliance Training for Loan Originators

Thursday, February 21, 2019

10:00 a.m. - 12:00 p.m.

Under rules that became effective in 2014, all “loan originators” of dwelling-secured credit must receive training on state and federal laws applicable to their job duties. This requirement appears as part of the loan originator qualification requirements in Regulation Z. It applies to all residential mortgage loan originators, both employees and third-party mortgage brokers. The training requirements apply to a loan originator regardless of whether he or she meets the definition of a “mortgage loan originator” under the SAFE Act. Under Regulation Z, the term “loan originator” is defined broadly and includes any employee who takes an application for a residential mortgage or offers, arranges or assists a consumer in obtaining or applying for a dwelling-secured, closed-end loan. The rule is limited to closed-end mortgages; home equity lines of credit are not covered.

This two-hour Webinar will provide training that is relevant to all loan originators and will help fulfill their training requirements under Regulation Z. Under Regulation Z, training must cover both federal and state law applicable to the LO’s job responsibilities. This Webinar will cover both state and federal law.

 

 

 
 
 
 
 
 
 

 

 

 

 

 

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