Compliance 101: Rules for Consumer & Mortgage Lenders

This session will cover key lending consumer compliance regulations (highlights of the Equal Credit Opportunity Act, HMDA, Flood, RESPA, Truth in Lending, and Fair Credit Reporting). It will also include a Bank Secrecy Act overview outlining “Five Reasons Lenders Should Have BSA Training”. We’ll review “what’s old, what’s new, and what’s to come”.

Covered Topics

  • BSA training for CIP in the lending area, due diligence for detecting potential money laundering activity and Suspicious Activity Report (SAR) basics*
  • Fair Lending “best practices” and recent enforcement actions.
  • Reg B requirements for the life of the loan including tips for taking an application.
  • Overview of HMDA data collection, common problems and best practices; review of the “NEW RULES” that became in 2018, including the partial exemptions that were announced August 31, 2018.
  • Overview of Flood requirements including the four trip wire events and changes for “detached structures” on residential property.
  • “Integrated Disclosure” review for the coverage, timing, tolerances, and common disclosure problems.
  • Special concerns about credit report accuracy, permissible purpose, and handling disputed reporting under the Fair Credit Reporting Act.
  • Highlights of the most common errors in consumer real estate secured loans; tips to prevent violations.
  • BONUS TOOLS
    • Matrix of 28 types of real estate secured loans (consumer & commercial) showing the requirements for applications, including overview information about TRID and HMDA requirements.
    • “Matrix of suggested training topics by job function for consumer, mortgage, commercial lenders and for loan operations staff.
*(The new Beneficial Owner rules for “legal entities” that become effective May 11, 2018 will not be covered since this session is targeted to consumer and mortgage lenders).

Who Should Attend?

This informative session is designed for compliance officers, auditors, loan officers, loan assistants, and loan administration staff. This seminar is designed for both those new to lending regulations or more experienced personnel looking for a review of existing requirements. While there is an emphasis on the regulations that relate to real-estate secured lending, this session will be helpful to any employee who assists applicants with various types of loan requests.


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