Collecting Government Monitoring Information (GMI) Under Regulation B Webinar

On July 1, 2020, the HMDA threshold for closed-end loans will increase from the 25 to 100. This means if you originated less than 100 closed-end loans in either of the prior two years (2019 or 2018), you will no longer need to report closed-end loans for HMDA. This doesn’€™t mean; however, that you can just stop doing what you’€™re doing.

The July 1, 2020, changes to the HMDA closed-end coverage is good news for some institutions. It means you will no longer be subject to HMDA data collection and reporting for closed-end loans. Even if you are no longer subject to HMDA reporting; however, you ARE still subject to Regulation B. This means you will no longer collect race, sex and ethnicity information on all dwelling-secured applications for loans (and/or lines) for home purchase, home improvement, refinance or consumer home equity but you WILL need to collect it on credit applications primarily for the purchase or refinancing of an applicant’€™s primary residence and secured by that 1-4 family dwelling. Thus, your lenders will need training prior to this change.

Covered Topics

  • I’€™m Not a HMDA Bank Anymore, Now What?
  • Making the Transition
  • What Transactions Require GMI Collection?
  • Collection Rules (More Complex Than You Think)
  • Collection Forms
  • Fair Housing Logs
  • Best Practices & Much More!

Who Should Attend?

Loan officers, loan processors, compliance, audit and other loan operations personnel.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

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Related Topics

Instructor

David Dickinson
David Dickinson

David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consultin... read more.

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
Collecting Government Monitoring Information (GMI) Under Reg B0.25 Any AnyWebinarSix Month On-Demand Recording David Dickinson$295.00 Register Now
Collecting Government Monitoring Information (GMI) Under Reg B0.25 Any AnyWebinarCD-ROM Video Recording David Dickinson$345.00 Register Now
Delivery Options

LIVE WEBINAR:
INCLUDES 7 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

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