Expert Regulatory Compliance Services

Reg Z Compliance: Comprehensive TILA Support

A cornerstone of financial institution compliance, Regulation Z delineates the implementation and execution of the Truth in Lending Act (TILA). Our experts understand the nuances of Reg Z and can guide your institution through its complex requirements. Our Reg Z compliance solutions are meticulously crafted to not only ensure your institution's compliance but also to ensure transparency and fairness for your valued customers or members.

• Loan Disclosures: We review your financial institution’s disclosures – both open-end and closed-end (including TRID) disclosures – to help ensure compliance with these measures to inform customers and to help your institution avoid potentially required reimbursements, regulatory penalties, and civil liability.
• Right of Rescission: We help your lending personnel navigate the intricacies of the right of rescission, making sure that the proper consumers are recognized for this right and given required notices and disclosures and that disbursements and other lender actions are delayed until it is confirmed that the customers have not exercised their cancellation right.  Proper observance of rescission requirements will help your institution avoid significant penalties – extended rescission rights, regulatory penalties, and civil liability.
• Other Consumer Protections: We facilitate your financial institution’s efforts to comply with or avoid significant requirements related to high-cost mortgages, home equity lines of credit, higher-priced mortgage loans, private education loans, and others.

Flood Insurance Compliance: Ensuring Flood Disaster Protection

Navigating the intricacies of federal flood regulations is crucial for financial institutions, given the increased scrutiny by regulators and the potential risks and penalties associated with noncompliance. Monetary penalties for such violations underscore the importance of a robust compliance program. Young & Associates is committed to providing comprehensive compliance solutions to guide your institution through the complex requirements of the Flood Disaster Protection Act encapsulated in the flood insurance rules.

At Y&A, our commitment to comprehensive compliance solutions extends to helping your institution navigate the nuances of federal flood-related requirements. Our seasoned experts specialize in helping your institution navigate federal flood-related requirements, offering tailored solutions to minimize exposure to potential risks. We can review your financial institution’s Flood Disaster Protection Act compliance program to ensure compliance with variables such as flood zone determinations, borrower notifications, lender placement, and more.

Key components of our flood compliance reviews dial in on common areas of violations, including:

• Compliance with Flood Regulations for Lenders: Our experts understand the intricacies of flood regulations, addressing common areas of violations such as proper loan file documentation, justified waivers, insurance coverage requirements, notice to borrower requirements, forced placement of flood insurance requirements, and more. We ensure your institution adheres to the most stringent regulatory standards, mitigating risks associated with non-compliant loans.
• Flood Insurance Notice to Borrower Requirements: Timely and accurate notices to borrowers are critical. Our comprehensive reviews focus on your institution's process for delivering and receiving acknowledgment of flood insurance-related notices, ensuring compliance with regulatory timelines and requirements.
• SFHA Flood Insurance Requirements: Staying abreast of FEMA's special flood hazard areas and implementing appropriate flood insurance requirements is essential. Our reviews are designed to assist your institution in complying with evolving SFHA standards.

As your trusted partner, we streamline the compliance process, allowing your institution to focus on core functions while remaining resilient in the face of regulatory challenges. Let us guide you through the intricate web of flood-related regulations, ensuring your institution stays protected from compliance violations in the ever-evolving financial landscape.

Why Choose Young & Associates as Your Regulatory Compliance Partner? 

At Y&A, we’ve been a trusted partner for regulatory compliance for over four decades, and here's why: 

• Stay Ahead of Regulatory Changes: We keep you informed and prepared in a constantly evolving regulatory landscape. We help you navigate the intricate landscape of financial regulations so you can focus on your core mission. 
• Comprehensive Solutions Tailored to Your Institution: We understand that a one-size-fits-all approach doesn't work in regulatory compliance. Our solutions are customized to address your institution's unique needs. 
• Real Solutions for Real Challenges: We provide practical, real-world recommendations, enabling your bank or credit union to not only meet regulatory requirements but also implement best practices for a robust compliance framework. 
• Experienced Team: Our seasoned consultants bring decades of experience in banking and financial regulation to the table, ensuring you receive expert guidance. 
• Unmatched Quality: With over 45 years exclusively dedicated to financial institutions, excellence is our trademark. We maintain meticulous standards, offering precision, thoroughness, and a steadfast commitment to delivering actionable results. 
• Comprehensive Support: We offer end-to-end support, and our full-service approach covers all aspects of financial institution consulting. When you partner with Y&A, you gain access to a comprehensive team of industry experts.