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Upcoming League Events

 

Webinar: Denied Loan Requirements: Consumer, Commercial & Residential

 

Effective September 30 online registration will be temporarily unavailable while we upgrade our website. Beginning on Wednesday, October 1, to register for an event: Please complete the registration form and send to The League via:



Tuesday, December 16, 2014

2:00 - 3:30 pm CST

 

Speaker: Ann Brode-Harner, Brode Consulting Services, Inc.

 

About the Program
Examiners are turning up the heat on adverse action notices. Properly handling adverse action notification is a compliance requirement that has to be done right! 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 of fair lending examinations
  3. Inconsistent, inaccurate notices could result in being required to go back six months, review past notices, and re-send accurate denial notices. (Imagine the reaction of a past, unsuccessful borrower who gets a reminder denial notice!)

HIGHLIGHTS 

  • Timing requirements of Regulation B for denials
  • Inquiry versus application (when an inquiry becomes an application)
  • Special considerations for commercial denials
  • FACT Act requirements for denial notices
  • Common errors in completing adverse action notices
  • Requirements for incomplete and withdrawn applications
  • How to appropriately document withdrawn applications
  • Handling counteroffers
  • Second reviews of adverse action notices for fair lending purposes
  • Comparative file review for fair lending on denials


Related Files
Printable Brochure (Adobe PDF File)

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