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Lending Notices: What to Send and When to Send It
(Presented by Lucy Griffin)
Sending notices to loan applicants was complicated enough when the requirements only include decision notices and adverse action notices under ECOA and FCRA. Now, with the FACT Act, there are more notices than ever. Specific rules affect content, timing, and delivery - and the rules aren't the same for each disclosure. Learning about loan application notices is now like studying splat art.  | WEBINAR TIME:
11:30AM - 1:30PM PT
12:30PM - 2:30PM MT
1:30PM - 3:30PM CT
2:30PM - 4:30PM ET |
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In this webinar, Lucy Griffin will walk you through each notice requirement of ECOA and FCRA, including the new FACT Act notices. She'll cover when and why you send notices, what the notices should say, and - everyone's favorite - how to select reasons for adverse action. She'll also explain the difference between ECOA and FCRA adverse action notices. Best of all, she'll put the notices in their place. Each notice will be covered in the order in which it occurs.
The notices covered will include:
-Approval notices
-Credit score notices
-Incompleteness notices
-Counteroffers
-Credit denial notices (adverse action)
-Denials using credit report information
-Reporting negative information notices
-A special peek preview at risk based pricing notices
With this webinar, you will be able to communicate with your applicants with confidence!
Join us for this important webinar, especially designed for:
Lenders, branch managers and loan closers -- to learn about required notices, content and timing, and pick up a few tips on how to present notices.
Auditors -- to review regulatory requirements and get a checklist for audits.
Compliance managers -- to review regulatory requirements and get tips on compliance management.
About the speaker: Lucy Griffin:
Lucy is Editor of Compliance Action and President of Compliance Resources, Inc., a company offering compliance support and services to banks. She is also a Senior Associate of Paragon Compliance Group, a company dedicated to providing compliance training. She has more than twenty-five years of experience working with regulatory agencies and financial institutions. Her extensive work experience with regulatory agencies includes the Federal Home Loan Bank Board, the Board of Governors of the Federal Reserve System, and the Federal Trade Commission. As the manager of the Compliance Division of the American Bankers Association, she worked directly with several of the association's banker committees and with regulatory agencies to identify compliance priorities, and to produce resources and programs.
More information...
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888-229-8872