Monday, February 3, 2020
2:00 – 3:30 pm (Eastern Time)
1:00 – 2:30 pm (Central Time)
12:00 – 1:30 pm (Mountain Time)
11:00 – 12:30 pm (Pacific Time)
Examiners are focusing on fair lending, discrimination, and Regulation B during heightened audits of adverse action notices. All three perspectives will be addressed, including technical requirements, completion issues, fair lending implications, and examiner hot spots in adverse action compliance. We will also discuss how you can conduct a comparative file review of your adverse action notices to ensure no fair lending problems exist.
Participants will receive a tool for the second review of adverse action notices for both fair lending and Reg B compliance standards, plus a cheat sheet to ensure lending staff use the proper denial reasons under different scenarios.
- Inquiry VS Application (discussion of when an inquiry becomes an application) – The clear identification and documentation of when you actually have an application is key.
- What are the requirements for in-complete or withdrawn applications?
- Handling counteroffers
- What are common errors in completing adverse action notices Second reviews of adverse action notices for fair lending purposes
- Comparative file review for fair lending on denials
Take away toolkit
- Cheat Sheet of sorts to help your lending staff understand what exactly each denial reason on the notice means and which ones to use in different scenarios.
- Second review checklist of adverse action notices
Ann Brode-Harner began her career in 1973 and has continued her service as a consultant to regional and community financial institutions through a wide range of areas including strategic planning, lending, deposits, marketing, training, compliance, and management. Ann is a well-respected presenter and has spoken to audiences across the country for over 30 years. She has presented sessions for numerous state associations and has taught at the School of Banking Administration at the University of Wisconsin as well as many other state banking schools. Ann is the author of The Bank Deposit Documentation Manual for Front-Line Personnel, published by Bankers Publishing Company, and is well represented in numerous industry publications.
1.5 CPE Credits