High Cost Loan Counseling
We offer an easy and convenient online course, that will certify that you have received counseling that meets the requirement for HomeOwnership Counseling under the Home Ownership and Equity Protection Act (HOEPA) Rule.
Consumer Credit and Budget Counseling (CCBC) has developed an Online Homeownership Counseling Certification Program as a convenience to those potential homebuyers whose schedules or circumstances do not allow them to attend regular classes and one-on-one homeownership counseling.
This course follows the National Industry Standards for Homeownership Education and as such this is a full homeownership counseling course and it will take a number of hours (about 6 hours) to complete and while course is online and can be completed at your convenience, the one-on-one counseling is conducted on the phone during regular business hours (Monday through Thursday, 10:00 am to 5:00 pm and Friday 8:00 am to 3:00 pm all times Eastern).
HOEPA counseling requires that CCBC make additional certifications; we will not only provide the regular counseling according to National Industry Standards, we will also provide counseling on the advisability of the transaction. Additionally, CCBC will also confirm that the consumer received all of the high-cost mortgage disclosures or the disclosures required under RESPA prior to issuing the certification of counseling. (This requires that the borrower additionally forward all the disclosures to the counselor)