Regulation Z Negative Amortization Counseling Risk Assessment

$50.00

The Regulation Z Negative Amortization Counseling Risk Assessment provides a framework upon which the risk related to the 12 CFR 1026.36(k) requirements for homeownership counseling for first-time borrowers in connection with a closed-end transaction secured by a dwelling that may result in negative amortization is evaluated.

Description

Examiners expect all financial institutions to conduct and document a comprehensive, ongoing, institution-wide risk assessment. The Risk Assessment evaluates and rates inherent risk, the quality of controls and residual risk. Benchmarks are provided for each rating for each factor. The Regulation Z Negative Amortization Counseling Risk Assessment provides a framework upon which the risk related to the requirements for homeownership counseling for first-time borrowers in connection with a closed-end transaction secured by a dwelling that may result in negative amortization is evaluated and identifies areas in need of enhanced risk mitigation.

Reviews

There are no reviews yet.

Be the first to review “Regulation Z Negative Amortization Counseling Risk Assessment”

Your email address will not be published. Required fields are marked *