Annual Compliance Training for Commercial Lenders

Which regulations apply to commercial loans? What if a loan is secured by real estate? Are there exceptions when real estate is taken as “an abundance of caution”? Can examiners assess civil money penalties for violations? Do your commercial lenders and support staff understand the data collection required for HMDA-reportable applications? Is a written application required for a business-purpose loan? Real-life examples are used to explain how applicable regulations apply during the commercial loan application process.

Covered Topics

  • Overview of commercial loan compliance hot spots, including fair housing, Regulation B, Flood Disaster Protection Act, Fair Credit Reporting Act, accommodation loans, HMDA, and insider lending
  • High-level review of BSA requirements, including the new Beneficial Ownership Rules for Legal Entity Customers that became effective May 11, 2018
  • How to determine whether the application is for a business or consumer purposes
  • Compliance requirements when real estate is taken as collateral
  • Compliance requirements for Regulation B appraisal rules on loan applications secured by a first lien on 1-4 family dwellings (there is no “business-purpose” exception)
  • Common commercial loan violations when real estate has been taken as collateral
  • Overview of HMDA requirements and review of the rules for business-purpose loans.
  • Flood insurance challenges with commercial buildings and collateral, including new rules for “detached structure on residential property” with a commercial purpose
  • Private Flood Insurance Policy overview

Who Should Attend?

This informative session will provide a greater understanding of commercial loan applications, including real-estate-secured loans. It will benefit loan officers, loan assistants, loan operations staff, compliance officers, auditors, and trainers.