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Module 2: Federal Mortgage Related Laws:
Selected Topics of Reg. Z and the ECOA/Reg. B
Module 2: Federal Mortgage Related Laws:
Selected Topics of Reg. Z and the ECOA/Reg. B
2.1 Selected Topics of Regulation Z
 Refinancings - 12 CFR §1026.20
 Prohibition of Refinancing a High-Cost Mortgage - 12 CFR §1026.34
 Higher-Priced Mortgage Loans - 12 CFR §1026.35
 Restrictions on Higher-Priced Mortgage Loans
 Canceling an Escrow Account
 Higher-Priced Mortgage Loans Appraisal Requirement
 Application Disclosures
 Copy of Appraisal
Module 2: Federal Mortgage Related Laws:
Selected Topics of Reg. Z and the ECOA/Reg. B
2.2 ECOA/Reg. B
 Equal Credit Opportunity Act (ECOA)
 Regulation B
 Handling Borrowers’ Applications
 Disparate Impact and Disparate Treatment
 Evaluating Borrowers’ Income
 Extending Credit
 Credit Application Denial
 Record Retention
 Information for Monitoring Purposes
 Enforcement of the ECOA

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Safe-7HR-CE-19 Module 2

  • 1. Module 2: Federal Mortgage Related Laws: Selected Topics of Reg. Z and the ECOA/Reg. B
  • 2. Module 2: Federal Mortgage Related Laws: Selected Topics of Reg. Z and the ECOA/Reg. B 2.1 Selected Topics of Regulation Z  Refinancings - 12 CFR §1026.20  Prohibition of Refinancing a High-Cost Mortgage - 12 CFR §1026.34  Higher-Priced Mortgage Loans - 12 CFR §1026.35  Restrictions on Higher-Priced Mortgage Loans  Canceling an Escrow Account  Higher-Priced Mortgage Loans Appraisal Requirement  Application Disclosures  Copy of Appraisal
  • 3. Module 2: Federal Mortgage Related Laws: Selected Topics of Reg. Z and the ECOA/Reg. B 2.2 ECOA/Reg. B  Equal Credit Opportunity Act (ECOA)  Regulation B  Handling Borrowers’ Applications  Disparate Impact and Disparate Treatment  Evaluating Borrowers’ Income  Extending Credit  Credit Application Denial  Record Retention  Information for Monitoring Purposes  Enforcement of the ECOA