PHILADELPHIA, PA, June 16, 2009  –  Jed Mayk, a Shareholder of Stevens & Lee, was a co-presenter of “The New Mortgage Transaction: Mid-Course Check-Up,” at the American Bankers Association Regulatory Compliance Conference in Orlando, FL, June 7&8, 2009.

Addressing an audience of compliance professionals from banks nationwide, Mr. Mayk discussed compliance with Fannie Mae and Freddie Mac’s new Home Valuation Code of Conduct. He also reviewed recent changes to Regulation Z required by the Mortgage Disclosure Improvement Act. Regulation Z is the federal law requiring lenders to disclose to consumers cost information about credit transactions.

Mr. Mayk concentrates his practice in the area of state and federal regulatory compliance for the mortgage, home equity, auto, credit sale and other consumer lending programs of banks, thrifts, credit unions and licensed lenders and brokers. He also advises clients on federal real estate lending and appraisal rules for depository institutions, OCC and OTS preemption, licensing of operating subsidiaries, exportation and most favored lender issues, DIDMCA/AMTPA preemption, EFTA, electronic commerce and data security and state and federal debt collection laws. He negotiates loan sale and purchase agreements, subservicing agreements, financial services outsourcing agreements and other agreements relating to consumer lending programs.

Mr. Mayk is a Board Member of the Consumer Credit Counseling Service of Delaware Valley and a member of the Legal Issues and Regulatory Compliance Committee of the Mortgage Bankers Association. He is a member of the Consumer Financial Services Committee of the American Bar Association and the Consumer Law Committee of the Pennsylvania Bar Association. He is also a member of the Philadelphia Bar Association. Mr. Mayk holds a J.D., with honors, from Rutgers University School of Law and a B.A., summa cum laude, from St. Joseph’s University.
 

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