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Course description

Determining if a loan is business or consumer purpose is a basic but extremely important step in lending. It has been important for many years (Regulation Z was enacted in 1968!) yet banks still spend a great deal of time making the distinction. 

This two hour webinar will show you how to make this key decision and put processes in place to get it right every time. Creation of a firm process will protect the bank from disclosure errors and regulatory violations, potential civil money penalties and legal risk (and save valuable time)! 

Using examples, the webinar will review the rules and present ways to make the decision. Kathleen will walk you through problem scenarios such as:

  • Does the type of collateral matter?
  • Can a business entity borrow for a consumer purpose?
  • What if the borrower is an individual?
  • If the loan is determined to be consumer purpose under Regulation Z, is it also consumer purpose for other regulations?
  • What is a personal investment vs a business investment?
  • Is a refinance of a rental property a business purpose loan?
  • Why should we care?


Kathleen Blanchard

Kathleen Blanchard has over 32 years of experience in banking. She has developed lending and regulatory processes as a banker and consultant and presents detailed regulatory training that is very process specific. Her banking background includes commercial and private banking lending, credit review, credit policy and procedures, risk management and regulatory compliance at both community, regional and large international banks. Kathleen has been providing training and consulting services for banks, credit unions and non-bank lenders on their regulatory compliance processes, HMDA and CRA reporting, process development and training since 2006. She is a Certified Regulatory Compliance Manager and a BOL Guru for Kathleen presents her views and advice on HMDA and CRA and other regulatory matters at her website, Since 2015, Kathleen has been delivering in depth regulatory compliance consulting and training via The HMDA Academy, a unique personalized combination of consulting, training and resources delivered online to assist financial institutions and vendors in learning and applying the revised HMDA process and rules going into effect in 2017 and 2018.

Course curriculum

  • 1


    • Business or Consumer Purpose, That Is the Question!

  • 2


    • Materials

    • Slides

    • Questions and Answers