“Keeping up” is the most common training goal for compliance and lending personnel. Since the late 1960’s, the steady stream of new consumer laws and regulations has been continuously supplemented by revisions of previously issued regulations. Often, compliance errors occur simply because the lender was unaware of the change.
The volume of changes to lending compliance laws and regulations has continued at a rapid pace. The changes come, in large part, from the new TRID rules, new interagency flood regulations, and new HMDA rules. The revisions to the Military Lending Act will be a shocker to many.
The Lending Compliance Update training manual provides essential information on changes to lending compliance topics from the past year. The manual serves as a handbook on recent changes and helps ensure you are ready to develop a plan to implement pending changes.
The Lending Compliance Update training manual covers developments within the last 12 months for the:
• Truth in Lending Act/ Regulation Z;
• Home Mortgage Disclosure Act;
• Biggert Waters Flood Insurance Reform Act;
• Community Reinvestment Act;
• Equal Credit Opportunity Act;
• Flood Disaster Protection Act;
• Military Lending Act;
• Real Estate Settlement Procedures Act;
• And much more.
Compliance Resource training manuals are designed to be used when conducting in-house training, whether initial training upon implementation of the new requirement, periodic training for new team members or remedial training for longer-term team members.