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Webinar: CFPB Final Amendments for Small Creditors & Rural or Underserved Areas, Effective January 1, 2016

Event Info


October 29th, 2015 2:00 PM   through   3:30 PM

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The CFPB recently issued a final rule, effective January 1, 2016, that revises the definitions of “small creditor” and “rural area.” These changes have the potential to positively impact your financial institution by expanding the special provisions and exemptions for Regulation Z’s qualified mortgage/ability-to-repay, high-cost mortgage, and higher-priced mortgage loan escrow requirements. However, the complexity of the CFPB’s requirements highlights the need to closely examine these changes to determine and document your institution’s eligibility. This webinar will address the recent amendments to ensure you understand the potential impact on your institution.


  • Changes to the definition of “small creditor” and the impact on qualified mortgages – including balloon payment qualified mortgages
  • How affiliates impact the “small creditor” determination
  • The revised definition of “rural area” and the impact on lenders
  • How the changes affect existing requirements and possible exemptions
  • Steps required before the January 1, 2016, deadline
  • Impact of the extension of the balloon payment exception to April 1, 2016


  • Summary of the final rule, effective January 1, 2016
  • Key definitions of small creditor, rural area, rural county, and underserved areas
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key

Attendance verification for CE credits provided upon request.


This informative session is designed for mortgage lending, compliance, and audit staff.

Please note:  The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.

ABOUT THE PRESENTER – Steven Van Beek, Esq., NCCO, Howard & Howard Attorneys PLLC

Steve Van Beek is an attorney at Howard & Howard Attorneys PLLC where he concentrates his practice in the area of financial regulations.  He has intimate knowledge of the operational issues facing financial institutions and the best practices they can follow to reduce compliance, strategic, and reputation risks.  He is a frequent speaker at national and regional industry events delivering information on new and existing laws and regulations impacting financial institutions.  Prior to joining Howard & Howard, he served as the Vice President of Regulatory Compliance and Senior Federal Counsel at the National Association of Federal Credit Unions (NAFCU).  He received his Bachelor’s from Hope College and his J.D. from George Mason University School of Law and is a member of the American Bar Association.


Note:  All materials are subject to copyright.  Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited.  Print materials may be copied for eligible participants only.


The live webinar option allows you to have one Internet connection from a single computer terminal.  You may have as many people as you like listen and watch from your office computer.  Registrants receive a website address and pass code that will allow entrance to the seminar.  The session will be approximately 90 minutes, including question and answer sessions.  Seminar materials, including instructions, pass code, and handouts will be emailed to you prior to the broadcast.  You will need the most-current version of Adobe Reader available free at

2.  ARCHIVED WEBINAR (Beginning January 1, 2016, CDs replaced with digital download*)


Listen to the archived webinar on your


Instructions will be emailed with the archived webinar link.

Can’t attend the live webinar?  The archived webinar is a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address so you may ask follow-up questions. Approximately one week prior to the webinar, you will receive an email with the archived webinar link.  This webinar link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.  The archived webinar may ONLY be ordered for 6 months following the webinar. It will not be available after this time.

*For archive orders for 2015 webinars placed before December 31, 2015, you will also receive a free audio/visual CD ROM.**  The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts.  CDs will no longer be provided for archived orders placed after January 1 and all 2016 webinars.  However, you will receive instructions on how to download a digital copy of the webinar which you may keep and use indefinitely.


Options 1 and 2 described above


**CD ROM is for Mac and PC use only

This event is being conducted by CU Web Training on behalf of the Missouri Credit Union Association. Click here to register:





October 29th, 2015 2:00 PM   through   3:30 PM