Columbia, SC – February 16, 2010 – Roger Rumbaugh was invited to speak at the Mortgage Bankers Association’s ABC’s of Mortgage Lending Education Conference on March 7th in Myrtle Beach, SC. In this morning session, Mr. Rumbaugh will speak on RESPA and implementing Regulation X.
The Department of Housing and Urban Development has issues final regulations implementing changes to their Regulation X, which implements The Real Estate Settlement Procedures Act (RESPA). This program will cover such topics as:
• the types of transactions covered by Regulation X
• the Servicing Transfer Disclosure
• the revised and expanded Good Faith Estimate of Settlement Costs (GFE)
• fees charged to applicants for covered transactions
• fee change restrictions, and tolerances, categories, and reimbursement provisions
• the Settlement Cost Guide Booklet
• amended HUD-1 and 1A Settlement Statements and revised instructions
• escrow rules
Mortgage lending professionals will be in attendance to hear Mr. Rumbaugh speak on RESPA as part of this 4-day program. Other activities will include a 20-hour PE course, an 8-hour CE course, golf tournament, and reception. Interested attendees can register online here.
About Roger Rumbaugh
More than half of Roger Rumbaugh’s 40 years of banking experience has been focused in legal and regulatory compliance. Mr. Rumbaugh currently serves as Director of both The West Virginia School of Compliance and the Compliance Forum Program of The Virginia Association of Community Banks, and is now Director of Compliance Services for ICS Compliance. Mr. Rumbaugh has written numerous articles for distinguished publications, such as ABA Bank Compliance, and has supplied expert testimony in numerous civil and criminal court actions. In addition, he has appeared on programs of the American Bankers Association's National Conference for Compliance Managers, Bank Counsel and Auditors; Skylink Television Network; ABA's Compliance Symposium; the Mid-Atlantic Compliance Conference, sponsored by the MD, DE, WV, and VA Bankers Associations; and various other state association-sponsored programs.
About ICS Compliance
As compliance specialists, ICS Compliance focuses only on regulatory compliance issues for banks and other financial institutions. Our seasoned professionals, with previous experience as Compliance Officers and/or Federal Regulatory Examiners, provide financial institutions with invaluable expertise and insight. This competency, along with our tailored approach and strong regulatory awareness, provides clients with the confidence that comes from hiring experts in compliance. Serving institutions nationally from 17 offices, we provide customized compliance programs, remediation projects, and consultation.
For more information about how your institution can stay in compliance with federal regulations, visit ICS Compliance at: www.ICScompliance.com or contact Michael Pappolla, Director at: 856.220.2240.
