We tend to think of business and agricultural loans as exempt from troublesome compliance requirements. But several compliance-related laws apply to commercial loans as well as consumer loans.
This colorful checklist, patterned after the popular Best-Ever Consumer Checklists, will guide bankers through those traps and ensure compliance.
In addition to addressing compliance issues, this checklist (and the accompanying handout) will provide "best practice" suggestions and reminders that commonly apply to commercial loans. We'll include information on business-entity documentation, underwriting documents, guarantors and security interests.
Topics Will Include:
- HMDA requirements (updated for the 2018 requirements)
- Customer identification (CIP)
- Environmental risk analysis
- Appraisal/evaluation requirements
- Reg B rules
- Adverse action
- Providing copies of appraisals
- Documenting intent to apply for joint credit
- Flood insurance requirements
Who Should Attend?
Lenders, loan processors, compliance officers and loan review personnel.
Instructor
For over thirty years, Anne Lolley has been simplifying compliance issues for bankers. After earning her law degree from the University of Kansas, she joined the Kansas Bankers Association, where she developed its successful legal department and gave compliance-related seminars.
She has been a compliance officer for two banks and currently works with Bank Management Services, where she continues to provide webinars to Kansas bankers. Her expertise at simplifying the complex and creating user-friendly reference manuals has made her a popular instructor.