$305.00 – $705.00
Recorded: November 10, 2021
Presented by: Ms. Anetria Cohen, Vice President and Senior Consultant, FORVIS
A two-hour webinar that reviews the federal rules that may apply when changing the terms of a loan.
Lenders often face borrowers who have an existing loan but want to change its terms. Sometimes borrowers want to refinance, but what about a modification? What is the difference? What are the regulatory issues with modifications? This is especially important as Institutions are trying to help their customers as much as they can due to COVID-19 – although the modification process is certainly easier than refinancing, there are some things an institution has to be concerned about (ECOA/Reg B, Flood, for example).
This webinar will review the definitions of refinance under the rules, how a modification is different, and offer suggestions as to when an institution can refinance versus when it can enter into a modification. We’ll also discuss in detail the regulatory requirements of both, and things to consider when modifying loans.
This informative webinar is designed for those that are involved with the lending operation of the institution.
Program Level: Basic
Prerequisite/Advanced Preparation: Basic Knowledge of Lending Regulations
Field of Study: Specialized Knowledge
Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.