Gain an understanding of the potentially confusing statute and avoid the risk of compliance problems.
The Homeowners Protection Act (HPA) is one of the lesser-known consumer financial protection laws administered by the Consumer Financial Protection Bureau. As result, there is much less guidance available in regulations, administrative decisions or case law as compared to other consumer financial protection laws. This makes the risk of compliance problems or litigation more acute. This material is critical for financial services providers and their compliance and legal staffs to get a more thorough understanding of this relatively obscure and potentially confusing statute.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview of Private Mortgage Insurance (PMI) and the Homeowners Protection Act (HPA)
- What Is PMI?
- Borrower Paid (BPMI) Versus Lender Paid (LPMI) Mortgage Insurance
- Single Premium Versus Monthly Premium
BPMI Under the HPA
- Borrower Requested Cancellation of BPMI
- Automatic Termination of BPMI
- Right to a Refund of Unearned Premium
- Required Disclosures for BPMI
LPMI Under the HPA
- No Right to Cancel LPMI
- Borrower Is Entitled to Certain Disclosures Related to LPMI
Authority of the CFPB and Other Regulators Related to the HPA
- The Structure of Dodd-Frank
- CFPB's Enforcement Authority
- CFPB's Examination Authority
- HPA as a Potential Basis for UDAAP Liability
Enforcement of the HPA in Private Lawsuits
- Issues That Have Arisen in Private Litigation
- Preemption of State Laws Under the HPA
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on August 25, 2021.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Stephen A. Fogdall
Schnader Harrison Segal & Lewis LLP
- Partner in the Philadelphia office of Schnader Harrison Segal & Lewis LLP
- Co-chair of Schnader’s Financial Services Litigation Practice Group
- Practice emphasizes all aspects of financial services litigation
- Frequent speaker on financial services litigation and compliance issues
- Author of several publications related to financial services
- J.D. degree, University of Pennsylvania Law School
- Can be contacted at 215-751-2581 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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