$305.00 – $705.00
Date Recorded: November 23, 2020
Presenter: Anetria Cohen, VP and Senior Consultant, FORVIS
A two-hour webinar discussing HMDA rules dependent upon the credit decision/completed application – including action taken.
Complying with the Home Mortgage Disclosure Act/Regulation C can be a tricky thing. There are numerous rules that provide specific definitions or requirements that we may be unaware of or may confuse us, which causes us to violate them. One of these issues is the credit decision. Throughout the HMDA requirements, the rules place an importance on if, and when and how a financial institution makes a credit decision everything from who reports, to what action was taken (and the confusing withdrawal code), to reporting certain data points that depend on the institutions’ decisions.
In order to really understand HMDA, we also need to understand the Equal Credit Opportunity Act/Regulation B rules on what is a “completed” application.
This webinar will focus on these issues. We’ll not only review the rules in the context of consumer loans but for business loans as well. In fact, business loans tend to be even more confusing! We will discuss how an institution’s procedures are critically important.
This webinar is designed for all HMDA reporters (depository and non-depository institutions) and those institutions that will be new reporters. Appropriate staff to attend would include loan officers, compliance officers, loan processors, loan administration, loan review and internal audit personnel.
Program Level: Basic
Prerequisite/Advanced Preparation: Basic Knowledge of Lending Regulations
Field of Study: Specialized Knowledge
Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.
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