CNJCG Seminar - Lending Compliance Update

Lending Compliance Update

In August 2016, the CFPB issued a final rule that clarified, revised and amended several provisions in the 2013 Mortgage Servicing Rules. These provisions included requirements regarding force-placed insurance notices, early intervention and loss mitigation under Regulation X servicing provisions; and prompt crediting and periodic statements under Regulation Z servicing provisions. The final rule also addressed servicing requirements when a person is potential or confirmed successor in interest, is a debtor in bankruptcy, or has sent a cease communication request under the
Fair Debt Collection Practices Act.

Join us at this complimentary seminar and learn to:

• Analyze the new NJ Dept. of Banking mortgage application form

• Understand successor in interest and periodic statements for borrowers
in bankruptcy provisions that go into effect April 19, 2018

• Assess existing servicing provisions and compliance requirements

• Evaluate impact of prepayment of real estate taxed as a
result of new tax code on servicing

1.5 CPE credits in Specialized Knowledge are offered at this free, group-live seminar. Program level - basic. No advance preparation or prerequisites required.

This seminar will be presented by:
Raji Sathappan, MBA, CRCM, CAMS, Director, and
Matthew Fins, CAMS, CRCM, Supervisor, of
Mercadien's Financial Institutions Services Group

Register now for the next informative session of
the Central New Jersey Compliance Group - Wednesday, February 28, 2018.

Refund/Cancellation Policy: Since this program is presented free of charge, there will be no refunds issued. For more information regarding complaint and/or program cancellation policies,
please contact our office at 609-689-9700.