Lending Compliance School coming in February

on "October 23, 2020 9:56 am"

The annual Lending Compliance School has been changed to a two-day virtual seminar on February 23 & 24, 2021.  There will be six 45-minute sessions followed by a 15-minute break between sessions and a 60-minute break for lunch each day. 

Lending Compliance School
February 23-24, 2021 • Online
8:30 am - 3:00 pm

Register today

Michael ChristiansMichael R. Christians, Regulatory Compliance Counsel
As principal of Michael Christians Consulting, LLC, Michael assists financial institutions and organizations across the country with ensuring their compliance programs conform to Federal laws and regulations. He provides counsel relative to current rules, assists with the strategic implementation of upcoming regulatory changes and offers customized education and training services. Michael has more than two decades of experience in the financial services industry with a primary focus on consumer compliance. He obtained his Juris Doctorate from Drake University Law School. He is a member of the Iowa State Bar where he is licensed to practice law.

There will be six 45-minute sessions followed by a 15-minute break between sessions and a 60-minute break for lunch each day. 

Day 1: Consumer Lending

  • Truth in Lending Act / Regulation Z – disclosure and advertising requirements for both closed-end and open-end loans
  • CARD Act – compliance requirements specific to credit cards including periodic statements, ability to repay rules, limitation on fees, etc.
  • Fair Credit Reporting Act / Regulation V – affiliate marketing rules, risk-based pricing notices and requirements associated with firm offers of credit
  • Equal Credit Opportunity Act / Regulation B – protected classifications, recognized forms of discrimination and adverse action notices
  • Lending to Active Duty Servicemembers – compliance requirements under the Servicemembers Civil Relief Act and the Military Lending Act
  • Fair Debt Collection Practices Act and UDAAP – avoiding unfair, deceptive, and abusive acts and practices in the collection of consumer debts

Day 2:  Real Estate Lending 

  • Mortgage Loan Originator Fundamentals – the SAFE Act, E-SIGN Act, RESPA Section 8, and loan originator compensation rules
  • Lifecycle of a Mortgage Loan / Application – application disclosures specific to real estate loans and the collection of monitoring information
  • Lifecycle of a Mortgage Loan / Underwriting and Closing – ability to repay, high-cost mortgages, higher priced mortgage loans, appraisals, and flood insurance
  • Lifecycle of a Mortgage Loan / Servicing – periodic statement requirements, escrow requirements, rules specific to delinquent borrowers and much more!
  • Special Loans – home equity lines of credit, adjustable rate mortgages and PMI requirements under the Homeowner’s Protection Act
  • HMDA / Regulation C and the Fair Housing Act – the data collection and reporting requirements under HMDA as well as the non-discrimination provisions found in the Fair Housing Act