Experience 19 is coming! Join us in San Francisco to discover, think big and pave the road ahead... Experience 19 is coming!
Join us in San Francisco
Register Today


Truth In Lending Policy Manual

The AllRegs Truth In Lending Policy Manual includes the legal requirements for compliance under Regulation Z for mortgage applications. Our turnkey solution is a comprehensive policy outlining important details for meaningful disclosure of credit terms, collection of fees, tolerances, notices, redisclosure, and servicing requirements. You'll better understand TILA with the manual's clear explanations, charts and illustrations for APR, finance charges, and tolerances. You'll also benefit from sections on Higher Priced Mortgage Loans and High Cost Mortgages, including definitional changes and special disclosures

Overview

The AllRegs Truth In Lending Policy Manual is a complete policy, ready for personalization with your organization's name. You can even customize it to include your internal policies and procedures. This comprehensive policy manual will assist lenders with understanding disclosure requirements throughout the origination and closing processes and when redisclosure is required. Servicing requirements under Regulation Z and prohibited acts and practices are also addressed.



Benefits

The Truth In Lending Policy Manual features the following benefits:

  • Supports strong operational preparedness
  • Establishes staff training requirements
  • Defines roles and responsibilities
  • Helps meet regulatory and internal compliance requirements
  • Allows policy revisions to fit your business model
  • Delivered via email within one business day

Optional Services

Maintenance: Receive regular and ongoing industry updates to keep your policy within regulatory requirements.

Publishing: Publish your manual, including your company procedures, in AllRegs Online to complete your policy manual solution.

Contact your account manager for information regarding these optional services!


Policy Manual
Truth In Lending
Section Title Priority Action
1.1 Goals and Objectives Mandatory Review Include the point of view or culture of your organization in this section, if applicable.
1.2 Required Review Mandatory Review Be sure this accurately reflects your company’s annual policy review process.
2.1 Internal Controls Mandatory Review Include or reference related procedures in this section.
3 Staff and Training Mandatory Review Include the means by which your organization provides and tracks required training.
4.1 Timing of Disclosures, Collection of Fees Recommended Best Practice Update any internal policy related to advance payment of initial fees (see text).
4.18 Timeshare Applications Optional Enhancement If this is not applicable to your organization, note that here or remove the section.
6 Open-End Credit - Home Secured Optional Enhancement If this is not applicable to your organization, note that here or remove the section.
7 Disclosure Requirements for Reverse Mortgages Optional Enhancement If this is not applicable to your organization, note that here or remove the section.
9.6 HCM Additional Limitations Recommended Best Practice Include your process for counseling for closed-end transactions with potential negative amortization prior to consummation.
10 Servicing Practices Optional Enhancement This addresses loan servicing requirements under Regulation Z and may not apply to your organization. Revise as needed.