Ag loans have come a long way. Whether you’re making loans for farmland, mixed-use property, or barn dominiums, compliance is key. And what about hemp-related businesses? Learn the risks, regulations, and red flags in today’s ag lending climate.
- Identify key regulatory areas that impact ag loans, including ECOA, HMDA, flood, RESPA, and Truth-in-Lending
- Verify loan file documentation using provided checklists
- Recognize red flags for ag fraud
- Explain the unique loan needs for the commercial industrial hemp sector
- Establish initial and ongoing due diligence process for these borrowers by using take-away tools
Ag loans have expanded far beyond those for farmland, equipment, and lines of credit. As mixed-use properties, such as barn dominiums, increasingly appear in our communities, it is important to understand how compliance regulations apply to ag properties and to know when an ag exemption is available. Even if you are not the designated ag lender at your institution, it is highly likely that you will encounter a loan application that includes some aspect of agriculture.
Another area of ag loan growth is industrial hemp. Many financial institutions are hesitant to serve hemp-related businesses due to the perceived risks and confusion about marijuana-related laws. How do you know a “legal” hemp crop from an “illegal” one? What ongoing due diligence and reporting are expected? Where do we start? Join us for answers to these questions and more in this fact-filled session.
Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has 19 years’ experience in client service, operations, information technology,administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.