UDAAP is arguably the most important regulation in the mortgage industry. UDAAP impacts every other lending regulation (marketing, fair lending, licensing & communication…) and it impacts every part of the lending cycle (advertising thru servicing closed loans.) What makes this regulation so difficult for mortgage lenders is that it is very subjective (“reasonable consumer” point of view) and is very difficult to defend against.
By attending this program, you will gain an understanding of the history and an overview of this critical regulation. The impact of UDAAP on the mortgage industry, and learning the key components that lawyers need to know and recognize. Explore the various Unfair, Deceptive and Abusive Acts or Practices likely to cause substantial injury to consumers. Master the best practices regarding Compliance Management Systems.
It is critical for lending and real estate lawyers to understand how this regulation operates in practice.
Learning Objectives:
May 16, 2022
1:00 PM - 2:00 PM ET
Address:
This course will be presented virtually, via Live-Videoconference.
