Webinar: Compliance Rules Lenders Must Know

Start: 3:00 pm
End: 4:30 pm
Event Days: 06/05/2013 - 06/05/2013

The pace of changes in lending regulations is unprecedented. Compliance training for lenders is no longer "optional," and it can reduce loss. Flood insurance violations have increased to $2,000 per incident with NO annual limit. HMDA data accuracy issues continue to cause civil money penalties, and fair lending remains an exam focus with regulators. This session will cover everything from Regulation B to Z and outline specific disclosures and timing requirements. You'll receive a takeaway toolkit, along with a staff quiz, training log and attendance certification.

About This Session:     

This webinar will cover the following topics:

  • BSA annual training requirements for CIP in the lending area and due diligence for detecting potential money laundering activity, as well as Suspicious Activity Report (SAR) basics
  • Fair lending best practices to mitigate the risk factors in underwriting, pricing and steering
  • Reg B requirements for the life of the loan - how to take and process an application
  • HMDA data compilation overview, common problems and best practices
  • Flood requirements overview, including triggering events and coverage calculations
  • Most common errors in consumer real estate secured loans and how to prevent them
  • Red flags for identity theft and annual training requirement for the Fair Credit Reporting Act
  • TAKEAWAY TOOLKIT with loan matrix, training topics matrix, compliance checklists and RESPA cheat sheet

Who Should Participate:

New and experienced compliance officers, auditors, loan officers, loan assistants and loan administrators

About the Presenter:

Susan Costonis, Compliance Consulting and Training for FIs

Susan Costonis is a compliance consultant and trainer, as well as a gettechnical inc associate trainer. She specializes in compliance management, along with deposit and lending regulatory training. Most of her 32-year career was spent as a banker in several areas, including lending, marketing, electronic banking, compliance, community reinvestment and senior management. She has written numerous training manuals and successfully managed compliance programs and exams for institutions supervised by the OCC, FDIC and Federal Reserve. She is a Certified Regulatory Compliance Manager and regularly presents to financial institution audiences in several states.