Adverse Action Notices Quick Compliance Guides
Adverse Action Notices – ECOA vs. HMDA
To order an electronic guide, please click here.
Electronic Item No: EM-CGHMD
Price: $35
The reasons for denying credit can differ across the Equal Credit Opportunity Act (ECOA/Regulation B) and the Home Mortgage Disclosure Act (HMDA)/(Regulation C). This Quick Compliance Guide (QCG) cross-references reasons for denial under ECOA with coding under HMDA. As an added bonus, we have included when to use which reason and additional industry best practices.
QCGs are a great training supplement as well as a handy checklist when drafting and/or reviewing your adverse action notices. Each topic is presented logically and broken down in a convenient and easy to follow manner. Great for compliance officers, auditors and lending staff!
Adverse Action Notices – ECOA vs. FCRA
To order an electronic guide, please click here.
Electronic Item No: EM-CGFCR
Price: $35
Which adverse action notice (AAN) is required? Equal Credit Opportunity Act (ECOA/Regulation B), Fair Credit Reporting Act (FCRA), both, none? This Quick Compliance Guide quickly explains the definition of adverse action, which AAN is required when, who gets an AAN, notice contents and more.
QCGs are a great training supplement as well as a handy checklist when drafting and/or reviewing your adverse action notices. Each topic is presented logically and broken down in a convenient and easy to follow manner. Great for compliance officers, auditors and lending staff!