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Loan Application Rules

Presented by:
Jack Holzknecht

June 9, 2005
        11:30AM-1:30PM PT
        12:30PM-2:30PM MT
        1:30PM-3:30PM CT
        2:30PM-4:30PM ET

Materials (only available to registered users)


WHAT?
During the past few years the rules regarding the gathering, evaluating and sharing of loan application information has increased in complexity. The Equal Credit Opportunity Act (ECOA) has long placed restrictions on what information can be collected and evaluated at application. The Fair Credit Reporting Act (FCRA) governs the use of credit reports. A few years ago the new privacy rules placed restrictions on the sharing of information with non-affiliated third parties. FCRA governs sharing information with affiliated third parties. The Customer Identification Program (CIP) rules have modified the application process. Most recently the FACT Act has added to the compliance burden. This two-hour seminar ties together all of the rules that govern the collection, evaluation and sharing of information in the application process.

WHY?
Upon completion of this program, participants understand:
  • How to avoid the liability that can result from:
  • The failure to collect required information;
  • Improper use of credit bureau reports;
  • Collecting prohibited information; or
  • Improper sharing of application information;
  • The steps necessary to assure proper collect of data;
  • When and what data can be shared with third parties; and
  • The common violations that occur during the application process.
Participants receive a detailed manual that serves as a handbook long after the program is completed

PROGRAM CONTENT
This two-hour webinar focuses on:
  • What information must be collected at application
  • ECOA and Fair Housing monitoring information;
  • HMDA data; and
  • CIP information;
  • What information may not be collected at application (ECOA);
  • When a credit bureau report may be obtained;
  • Sharing application information with:
  • Affiliates (FCRA); and
  • Non-affiliates (Privacy).
WHO?
The program is designed for loan originators, loan officers, lending department management, compliance officers and auditors.

About the speakers: Jack Holzknecht
Jack Holzknecht is a principal with Pegasus Educational Services, LLC, a training firm headquartered in Louisville, Kentucky. He is an experienced consultant who has provided training to thousands of bankers and examiners for 22 years. He has the ability to identify the key compliance issues from each regulation. Jack's career began in 1976 as a federal bank examiner. He later headed the form and software and education divisions of a regional consulting company. In that capacity he developed loan and deposit form systems and software. He also developed and presented training programs that were delivered to bankers in 43 states. Jack has been an instructor at compliance schools presented by the Georgia, Iowa, Kentucky, Pennsylvania, Nebraska, New York and Texas bankers associations. He developed and delivered compliance training for the FDIC and OTS for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association. He is also a "BOL Guru" and frequently answers compliance questions sent to "Bankers' Threads."

About the seminar
Each registration comes with ONE access to the LIVE event and 30 days of unlimited access to the ARCHIVE event. If you wish to have multiple locations participate you must have one registration per location. If the complete broadcast is received via the computer the AUDIO and VIDEO COMPONENTS can be connected to an A/V projector to allow multiple participants to view the conference. If the audio portion of the broadcast is received via the telephone the AUDIO portion can be placed on speaker phone to allow multiple participants. Interactive components delivered via Web include slides, online polls and Interactive Q&A via chat.

You may view the ARCHIVED Presentation of this training event as many times as you wish throughout the next 30 days. This will enable you to participate in the LIVE event as well as train additional staff from the ARCHIVED event.

Handouts will be provided and we welcome questions during and after the seminar, as well as in advance. Questions received after the seminar will be posted on a special Web page for later viewing by seminar attendees.

Contact Information: Billing questions can be directed to Carin Eisenhauer, carin@bankersonline.com. All other questions may be directed to mpetry@bankersonline.com

TEST YOUR SYSTEM: Click below to test receiving the presentation using Windows Media Player.