Denied Loan Requirements: Consumer, Commercial & Residential

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Member PriceNon-Member PriceDescription
$200.00 Archived Webinar + Free CD ROM
$169.00 For CUs Less Than $20M in Assets - Archived Webinar ONLY
   

Tuesday, December 16, 2014

10:00 am – 11:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

Examiners are carefully scrutinizing denial notices for compliance with Regulation B and fair lending standards. This seminar will cover the important issues of proper and timely handling of denial notices in accordance with Regulation B. It will also address how to include denials in your sample for internal comparative file review for fair lending compliance.

Examiners are turning up the heat on adverse action notices. Properly handling adverse action notification is a compliance requirement that has to be done right! Accurate completion of adverse action notices is important for several reasons:

  1. Their accuracy and timeliness are reviewed during compliance exams
  2. Adverse action notices are the cornerstone of fair lending examinations
  3. Inconsistent, inaccurate notices could result in being required to go back six months, review past notices, and re-send accurate denial notices.  (Imagine the reaction of a past, unsuccessful borrower who gets a reminder denial notice!)

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • Timing requirements of Regulation B for denials
  • Inquiry versus application (when an inquiry becomes an application)
  • Special considerations for commercial denials
  • FACT Act requirements for denial notices
  • Common errors in completing adverse action notices
  • Requirements for incomplete and withdrawn applications
  • How to appropriately document withdrawn applications
  • Handling counteroffers
  • Second reviews of adverse action notices for fair lending purposes
  • Comparative file review for fair lending on denials

  • TAKE-AWAY TOOLKIT
    • Cheat sheet to help lending staff understand what each denial reason on the notice means and which ones to use in different scenarios
    • Sample fair lending policy statement (that links adverse action and fair lending)
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

DON’T MISS THIS RELATED WEBINAR!

Self-Examination for Fair Lending Compliance
on Wednesday, December 10, 2014

WHO SHOULD ATTEND?

This informative session is necessary for all loan officers, loan processors responsible for denials, compliance officers, and auditors.

PLEASE NOTE
Webinar content is subject to copyright and intended for your individual credit union’s use only.

MEET THE PRESENTER

Ann Brode-Harner
Brode Consulting Services, Inc.

 
View Shopping CartView Registration Options and Pricing
Member PriceNon-Member PriceDescription
$200.00 Archived Webinar + Free CD ROM
$169.00 For CUs Less Than $20M in Assets - Archived Webinar ONLY