Denied Loan Requirements: Consumer, Commercial & Real Estate

Apr 24, 2018 03:00pm -
Apr 24, 2018 04:30pm
(GMT-5)
As we transition to a new online membership platform, CBAO will not be processing online orders from September 21-30. Please call our office at (614) 846.8124 to register for a webinar or an event. Thank you!

A list of upcoming events is presented below:

Event Description

With increased examination focus on fair lending, regulators are carefully scrutinizing denial notices for compliance with Regulation B and fair lending standards.  This webinar will cover proper and timely handling of denial notices in accordance with Reg B.  In addition, it will address how to include denials in your sample for internal comparative file review for fair lending compliance.  

Since examiners are turning up the heat on adverse action notices, your staff must know the ins and outs of the compliance requirements.  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 to fair lending examinations
  3. Inconsistent, inaccurate notices could cause your institution to be required to go back six months, review past notices, and resend accurate denial notices. (Imagine the reaction of a past, unsuccessful borrower who receives a reminder denial notice!)

Highlights:

  • Inquiry vs. application?  Clear identification and documentation of when you have an application is key
  • FACT Act requirements for denial notices
  • What are the requirements for incomplete or withdrawn applications?
  • Handling counteroffers
  • Common errors in completing adverse action notices
  • 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

Attendance verification for CE credits provided upon request.

Who Should Attend?

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

REGISTRATION OPTIONS

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.


Event Type:Webinar &/or On-Demand Link/CD
Early registration ends on Mar 24, 2018.
Regular registration starts on Mar 25, 2018 and ends on Apr 24, 2018.
Late registration starts on Apr 25, 2018.
(GMT-05:00) Eastern Time (US & Canada)

 

Registration Fees
Fee TypeEarlyRegularLate
 Additional Hook-Up
Member Fee: $170.00$170.00$170.00
Non-Member Fee: $260.00$260.00$260.00
 Recorded Webinar + Free Digital Download
Member Fee: $345.00$345.00$345.00
Non-Member Fee: $490.00$490.00$490.00
 Both Live Webinar and Recorded Webinar + Free Digital Download
Member Fee: $395.00$395.00$420.00
Non-Member Fee: $600.00$600.00$625.00