SAFEGUARD PRIVACY – SECURITY MANUAL COMPLIANCE TO AVOID FTC PENALTY OF UP TO $100,000
This is the FTC legal requirement that became effective May 23, 2003. You are required as brokers, lenders, appraisers or title companies to have the manual that is distributed at the seminar we discuss how to use it to stay out of trouble. Penalty for not having one can be as high as $100,000.
HOW TO SURVIVE A HUD AUDIT WITHOUT A LAWYER
Learn what HUD auditors are looking for, and how to prevent being hit with possible HUD “administrative sanctions” (discipline) or “civil money penalties” (fines). Learn about the recent raft of indictments (there are more coming down all the time) and the newest HUD initiative at the F.B.I. sparking even more investigations and prosecutions of brokers just like you!
Including, the pending Predatory Lending bills changing TILA, and the changes made by Fannie Mae, Freddie Mac and Federal Reserve Board pending before the State of California and before the Congress of the United States.
Including recent indictments. Seminar includes names of those recently indicted for mortgage fraud, information on Gift Letter fraud, Stated Income Fraud and how it can potentially land you in a federal prison for 30 years and cause you to forfeit your assets.
CASES, LAWS, RULES AND REGULATORY UPDATES
Includes numerous laws, regulations, rules and cases involving the mortgage loan industry.
PREDATORY LENDING LAWS IN THE FIFTY STATES
Covers all laws in effect and pending in the fifty United States and federal including changes to Section 32.
DODD- FRANK ACT AND THE EFFECT IT HAS ON MORTGAGE ORIGINATORS AND THEIR COMPENSATION
Learn how your points are restricted and that if you are paid one way you can receive points and paid another way you can only be paid hourly or by salary.
CONSUMER FINANCIAL PROTECTION BUREAU AUDIT PROCEDURES Explains the modules of the Bureau and the method and manner of the way they will audit mortgage loan lenders and originators.
All seminar attendees are supplied with a current syllabus. For further information, please contact HERMAN THORDSEN by telephone in Southern California at (888) 667-8529.