Denied Loan Requirements: Consumer, Commercial & Real Estate

With increased examination focus on fair lending, regulators are carefully scrutinizing denial notices for compliance with Regulation B and fair lending standards. This webinar will cover proper and timely handling of denial notices in accordance with Reg B. In addition, it will address how to include denials in your sample for internal comparative file review for fair lending compliance.

Since examiners are turning up the heat on adverse action notices, your staff must know the ins and outs of the compliance requirements. Accurate completion of adverse action notices is important for several reasons:

1. Their accuracy and timeliness are reviewed during compliance exams
2. Adverse action notices are the cornerstone to fair lending examinations
3. Inconsistent, inaccurate notices could cause your institution to be required to go back six months, review past notices, and resend accurate denial notices. (Imagine the reaction of a past, unsuccessful borrower who receives a reminder denial notice!)

Continuing Education:   Attendance verification for CE credits upon request

This informative session is necessary for all loan officers, loan processors responsible for denials, compliance officers, and auditors.