Effective January 1, 2011, the fee based trigger amount used to calculate if a loan is subject to HOEPA was increased to $592. This is up from the 2010 trigger amount of $579. Due to this change, we have updated our HOEPA Worksheet (Version 2011-1) which is available on the “Free Downloads” page of our website.
If you save a copy of the HOEPA Worksheet on your computer don’t forget to download Version 2011-1. You may still want to keep a copy of Version 2010-1 for auditing purposes.
Amy brings many years of banking and compliance experience to Banker’s Compliance Consulting. She has worked for both large and small financial institutions and spent time working in every area of a bank. She started out as a teller in college and eventually became a branch manager.
Her love, however, was always compliance. Amy began her career with Banker’s Compliance Consulting in 2000. Her knowledge and experiences have allowed her to develop a well-rounded and practical approach to regulatory compliance. Amy is CRCM certified, has a Bachelor’s Degree in Business Administration, and is a graduate of the ABA Compliance School.
Amy & her husband have two children at home and stay busy following their activities. They spend a lot of time in the bleachers!