Compliance for Commercial Lenders

August 10, 2021

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Description:

Register by June 18th and take advantage of our Early Bird Pricing!

All registrations to Compliance Resource webinars include five live connections AND the recording of the webinar (guaranteed for one year).

ABA Professional Certifications is dedicated to promoting the highest standards of performance and ethics within the financial services industry. Compliance for Commercial Lenders has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Certification holders must report these credits at aba.csod.com.

WHAT

All of the regulations reviewed in a compliance examination cover consumer lending, but many of those regulations also impact commercial lending. Determining exactly which requirements impact commercial loans is a challenge. We are pleased to present this program to help commercial lenders understand which compliance requirements impact their department.

This two-hour program identifies the major compliance regulations that apply to commercial transactions and reviews particular issues from each of those regulations that cause problems for commercial lenders.

WHY

Many examiners find the commercial lending area is fertile for compliance violations because of confusion regarding which requirements apply to commercial loans. Those violations may result in penalties or expensive litigation. This program:

  • Identifies problem areas;
  • Provides suggestions for avoiding and curing the problems; and
  • Covers training and auditing concerns.

Participants receive a detailed manual that serves as a valuable resource long after the conclusion of the program.

TOPICS

Upon completion of the program participants understand the importance of establishing and documenting the loan purpose and how the following laws and regulations impact the commercial lending process:

  • Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Provisions – Filing CTRs, CTR exemptions, and OFAC;
  • USA PATRIOT Act – Customer Information Program (CIP), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and Beneficial Ownership;
  • Suspicious Activity Reporting (SAR) Provisions;
  • Unlawful Internet Gambling Enforcement Act (UIGEA) – Regulation GG;
  • Equal Credit Opportunity Act (ECOA) – Regulation B – Discrimination prohibition, appraisal rules, application disclosures, spousal signature rules, intent to be a joint applicant, and adverse action notice requirements;
  • Fair Housing Act (FHA) – Discrimination prohibition;
  • Home Mortgage Loan Disclosure Act (HMDA) – Regulation C – Data collection and reporting requirements and revisions to Regulation C;
  • Flood Disaster Protection Act (FDPA) – Required disclosures and insurance requirements, and recent changes;
  • Fair Credit Reporting Act (FCRA & FRB) – Regulations V – Requesting and using credit bureau reports, identity theft provisions and adverse action notice requirements;
  • Truth in Lending Act/Regulation Z – Coverage rules, restrictions and required disclosures, Special rules (1026.12(a) and (b)) for business-purpose credit cards;
  • Real Estate Settlement Procedures Act/Regulation X – Coverage rules, restrictions and required disclosures;
  • Real Estate Appraisal Interagency Guidance;
  • Servicemember Civil Relief Act (SCRA);
  • Military Lending Act;
  • Insider Credit – Regulation O;
  • Securities Lending – Regulation U;
  • Right to Financial Privacy Act (RFPA) and Regulation S (Reimbursement for partnerships with 5 or fewer partners);
  • Community Reinvestment Act (CRA) – Regulation BB – Data collection and reporting requirements;
  • Bank Bribery Act Implications;
  • Unfair, Deceptive or Abusive Acts or Practices;
  • Americans with Disabilities Act; and
  • Other rules and regulations that impact commercial loans.

WHO

The program is designed for Commercial Loan Officers, Compliance Officers, Auditors, and those responsible for documenting commercial loans.

*This program will start at 2:00 PM EDT, 1:00 PM CDT, 12:00 PM MDT, or 11:00 AM PDT

**Recording Available

This webinar will be recorded and sent to all registrants.  You will receive links to the recording following the program.  These recordings have unlimited viewings and are available for up to one year.

Register by June 18th and take advantage of our Early Bird Pricing!

If you are receiving an error message when attempting to register, we recommend using a modern browser (not Internet Explorer).  Users have reported issues since Internet Explorer stopped being supported by Microsoft. For best results, attempt using Google Chrome, Microsoft Edge or Mozilla Firefox.

Presenters:

Jack Holzknecht

Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 44 years. In 39 years as a trainer over 147,000 bankers (and many examiners) have participated in Jack’s live seminars and webinars. Jack’s career began in 1976 as a federal bank examiner.  He later headed the product and education divisions of a regional consulting company. There he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by a number of state bankers associations. As a contractor he developed and delivered compliance training for the FDIC for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association.

Heather C. Schaefer

Heather C. Schaefer is Chief Compliance Officer and Vice President of First Financial Corporation in Terre Haute, Indiana, where she oversees the enterprise-wide compliance management program for The Morris Plan of Terre Haute and First Financial Bank, N.A. Her main responsibilities include collaborating with the internal lines of business that Compliance supports to create, execute and sustain a program that can not only withstand rigorous examiner scrutiny, but also balances the need for regulatory compliance and risk mitigation with growth and income-generating initiatives. Heather is active in the Indiana Bankers Association, where she regularly serves as moderator for the Compliance Roundtable and is a member of the American Bankers Association Regulatory Compliance Conference Advisory Board. She received a Bachelor of Arts in International Studies from Hanover College, her Juris Doctorate from Valparaiso University School of Law and holds the Certified Regulatory Compliance Manager (CRCM) designation.

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Price: $325.00
Start Time: 2:00 pm EST
End Time: 4:00 pm EST
Date:

August 10, 2021

Register Now:

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