Manage the new Reg. Z changes. Fill out this short form to receive The Q and A on Reg. Z.
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Please specify your Loan Origination System.
How prepared are you for the recently enacted changes to Reg Z for higher priced mortgage loans?
Does your institution currently have an automated system to test for higher-priced mortgages in addition to HOEPA restrictions?
Do you have the resources and in-house expertise to educate staff on the terminology and differences between high priced mortgages and higher-priced mortgages?
Have you updated your policies and procedures to reflect the new requirements in Regulation Z?
If applicable, what is your institution's timeframe for purchasing a
solution or engaging a consultant to help with the above?