WBA Community Bankers for Compliance Program – Session II

Stevens Point – April 26

601 Michigan Ave N
Stevens Point, WI
9:00 a.m. – 4:00 p.m.

Madison – April 27

DoubleTree by Hilton Madison East
4402 E Washington Ave
Madison, WI
9:00 a.m. – 4:00 p.m.

Program Information

Wisconsin Bankers Association (WBA) is pleased to sponsor the annual Community Bankers for Compliance Program (CBC), one of the most successful and longest running compliance training programs in the country.

The CBC Program will provide your bank with up-to-date information on the ever-changing bank regulations, as well as guidance for structuring and maintaining your in-bank compliance program. In addition, it provides a forum where those responsible for regulatory compliance can discuss issues and exchange ideas with other community bankers.

Who Should Attend?

Compliance officers, lending management, lenders and processors, and any others with responsibilities for lending should attend. Additionally, audit personnel will find this session useful.

Session 2 Topics:

The APR and its Impact – Qualified Mortgage, HPML, HOEPA, MLA

While we have been hesitant to discuss the new qualified mortgage rule in the CBC, as we thought it might change, the CFPB has recently issued new information regarding qualified mortgages and ARM loans, which leads us to believe that the qualified mortgage rule will change on October 1, 2022, as scheduled. The APR impacts qualified mortgages directly, and also impacts the other topics in the presentation.

Qualified Mortgages: The first subject will be the new qualified mortgage rule, which is fairly simple, but does have some issues that we will need to address for certain loan types. As with all the other topics in the presentation, the APR is the factor that will determine whether you have a qualified mortgage.

Higher Priced Mortgage Loans (HPML): The second subject will be HPMLs. This portion of the regulation contains a very similar calculation that will be used for qualified mortgages beginning October 1, 2022. HPMLs represent approximately 10% of the loans that are made across the country, based on HMDA data, and many of the HPML loans are adjustable-rate mortgages – but not all of them. As pricing becomes more critical based on our current economic situation, HPMLs may become more prevalent. We will review both the calculation and the impacts that HPML loans will have on the bank and the customer – including escrow and appraisals.

High-Cost Loans (HOEPA): The acronym HOEPA is for the Home Owner Equity Protection Act. Once again, a calculation similar to the qualified mortgage calculation is used to determine whether you have an HOEPA loan. While there are very few loans that meets the HOEPA standard, a HOEPA loan causes significant difficulties for your institution – once again including escrow, appraisals, as well as other issues such as mandatory home ownership counseling.

Military Lending Act (MLA): The last subject of the day will be the Military Lending Act. Like the other three topics, the APR – and most especially the Military APR – determines whether you have an issue under the MLA. We will discuss the implications of exceeding the Military APR on an MLA related loan. We should note that some MLA related loans are not mortgages.

The subjects for the regulatory update will be determined by circumstances and releases from the various agencies.


Sharon Bond CRCM, Consultant

Sharon Bond specializes in consumer compliance at Young & Associates. She leads compliance seminars, conducts compliance reviews for all areas of compliance, conducts in-house training, and writes compliance articles and training materials. With over 30 years of industry experience, she has a strong background in mortgage lending and federal consumer compliance laws and regulations. Sharon was an Associate National Bank Examiner with the Office of the Comptroller of the Currency (OCC) for five years. In addition to her Regulatory Compliance Manager (CRCM) designation, she holds the designation of the Six Sigma Qualtec Black Belt certifications.

Registration Options

Bank Member Registration:

CBC Program Members:

  • $0 – CBC Program Members
  • $150 – each additional representative (single session)

Individual CBC Seminar Session Fees:

  • $375 – 1st representative (single session)
  • $150 – each additional representative (single session)

Refund Policy: A refund, less a $25 administrative fee, is provided for cancellations requested on or before Thursday, April 21, 2022.



Apr 26 - 27 2022


9:00 am - 4:00 pm

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