Webinar— Ability-to-Repay Part 1: New Rules for Products & Policies
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When: 06/26/2013
2 p.m.-3:30 p.m.

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The ability to repay concept is simple: Make sure the borrower can pay before making the mortgage loan. The CFPB's final pronouncement on this simple concept contained 236,000 words. This webinar is the first of two
presentations on this topic. It will address the management impact of the new rule and the decisions that must be made in the mortgage loan and asset liability management areas. The definition and impacts of "qualified mortgages” and "unqualified mortgages” will be covered, as well as the "points and fees” test.  This webinar will include changes announced by the CFPB on May 29, 2013.


Presenter: Bill Elliott, Young & Associates, Inc.
Who should attend: Branch Managers, Compliance Officers, Lenders and CEOs

Time: 2 p.m.-3:30 p.m.
Cost: $209 for live webinar only; $229 for live webinar, plus a web link and free CD-ROM


About Webinars

Pairing conferencing capabilities with web technology, this session brings informative, interactive training directly to you. During the webinar, you'll view a real-time PowerPoint presentation on your computer while listening to the audio connection via telephone.

While credit unions are encouraged to use the webinar to train multiple individuals at once, the credit union will be charged for each computer connection that uses its login code. Participants will receive login instructions and handout materials via email prior to the webinar. In addition, registrants may also receive an archive CD-ROM after the live session.

Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034