Safe 7 hr-ce-18 module 2
- 1. Module 2: TRID Rule, HOEPA, Higher Priced Mortgages, and ECOA
- 2. Module 2: TRID Rule, HOEPA, Higher Priced Mortgages, and ECOA 2.1 TILA-RESPA Integrated Disclosure Rule (TRID) Mortgages Covered by the TRID rule Overview of the Loan Estimate Good Faith Requirements Charges Subject to a 10% Cumulative Tolerance Charges Subject to Zero Tolerance Charges That May Exceed the Disclosed Amount Changed Circumstance Refunds Related to Good Faith Analysis Loan Estimate Forms Revising the Loan Estimate Providing a Revised Loan Estimate
- 3. Module 2: TRID Rule, HOEPA, Higher Priced Mortgages, and ECOA 2.1 TILA-RESPA Integrated Disclosure Rule (TRID) Restricted Activities Prior To Receipt of Loan Estimate Limitation on Imposing Fees Use of Form H-26 for Estimates of Costs and Terms Limitation on Requiring Additional Information Prior to Providing a Loan Estimate Overview of the Closing Disclosure General Requirements Closing Disclosure Form Delivering the Closing Disclosure Revising or Correcting the Closing Disclosure Borrower’s Rights Regarding Revised Closing Disclosures
- 4. Module 2: TRID Rule, HOEPA, Higher Priced Mortgages, and ECOA 2.2 HOEPA - High-Cost Mortgages (Section 32) Section 32 Triggers Points and Fees for High-Cost Mortgages High-Cost Mortgage Disclosures Banned Features on High-Cost Mortgages
- 5. Module 2: TRID Rule, HOEPA, Higher Priced Mortgages, and ECOA 2.2 HOEPA - High-Cost Mortgages (Section 32) Prohibited Acts or Practices in Connection with High-Cost Mortgages Notice to Assignee Refinancing within One Year) Repayment Ability for High-Cost Mortgages High-Cost Mortgage Pre-loan Counseling Recommended Default Loan Modification and Deferral Fee Late Fees Fees for Payoff Statements Financing of Points and Fees
- 6. Module 2: TRID Rule, HOEPA, Higher Priced Mortgages, and ECOA 2.3 Higher-Priced Mortgage Loans (Section 35) Restrictions on Higher-Priced Mortgage Loans Canceling an Escrow Account Higher-Priced Mortgage Loans Appraisal Requirement Application Disclosures Copy of Appraisal
- 7. Module 2: TRID Rule, HOEPA, Higher Priced Mortgages, and ECOA 2.4 Equal Credit Opportunity Act (ECOA) Regulation B Prohibited Practices Taking Borrowers’ Applications Monitoring Purposes Sex (Gender) Spouse or Former Spouse Marital Status Alimony, Child Support, or Separate Maintenance Income Childbearing Residency or Immigration Status Evaluating Borrowers’ Applications Extending Credit
- 8. Module 2: TRID Rule, HOEPA, Higher Priced Mortgages, and ECOA 2.4 Equal Credit Opportunity Act (ECOA) Regulation B Notice of Credit Approval or Denial Adverse Action Notice Incomplete Applications Designation of Accounts Record Retention Appraisals and Other Valuations
- 9. Module 2: TRID Rule, HOEPA, Higher Priced Mortgages, and ECOA 2.4 Equal Credit Opportunity Act (ECOA) Enforcement of the ECOA