This webinar will provide an overview of major lending regulations and required documentation to ensure loans are in compliance with the law. It will discuss Regulation Z, Regulation B, Regulation X, Regulation O, Regulation U including Fair Debt Collection Practices Act and Flood Disaster Protection Act.
This webinar will provide participants with an overall understanding of the lending regulations to ensure loans are in compliance with the law.
Why Should You Attend:
Proper documentation is essential for the bank to protect its investment and ensure that customers fully understand the loan product they have selected. Failure to properly document loans can leave banks exposed to litigation, losses and costly compliance violation penalties.This webinar will provide participants with an overall understanding of the lending regulations to ensure loans are in compliance with the law.
Areas Covered in the Webinar:
- Regulation B: Equal Credit Opportunity Act (ECOA)
- The impact of Reg. B on the Application Process
- Regulation Z: Early Truth in Lending
- Regulation X: Real Estate Settlement Procedures Act (RESPA): covers purchase loans, subordinate liens, closed-end home equity loans, home improvement loans, refinances
- Review of documentation to include good faith estimate, HUD-1 or HUD1-A statement, settlement costs booklet, transfer of servicing rights, escrow arrangements
- Regulation O: Insider Loans
- Regulation U: Securities Credit by Banks
- Fair Debt Collection Practices Act
- Flood Disaster Protection Act
Who Will Benefit:
- Board of Directors
- Consumer Lenders
- Commercial Lenders
- Branch Managers
- Senior or Chief Lending Officers
- Senior or Chief Credit Officers
- Loan Review Personnel
- Compliance Officers
- Loan Operations Personnel
- Administrative Assistants to the Lending or Credit Functions
- Marketing Officer
Course Provider
Roy Johnson,
