Compliance Rules for Commercial Loans Secured by Real Estate Webinar
Join this fast-paced webinar to understand the application process with step by step instructions and actual examples that explain the requirements of applicable regulations in terms that are easy to understand.
Webinar Description and Audience
Which regulations apply to commercial loans that are secured by real estate? Are there any exceptions when the real estate is taken as “an abundance of caution”? Do the commercial lenders and support staff at your bank understand the data collection required for HMDA reportable applications? Is a written application required for a business purpose loan? Join this fast-paced webinar to understand the application process with step by step instructions and actual examples that explain the requirements of applicable regulations in terms that are easy to understand. New HMDA rules became effective on January 1, 2018. If your financial institution is required to report under the new rules, are you in compliance for covered business purpose applications?
- What factors determine if the application is for business purpose or consumer purpose?
- What are the compliance requirements when real estate is taken as collateral?
- Review of the required disclosure for the “Right to Receive a Copy of Appraisal.” Who gets the notice and what are the timing rules? This DOES apply to 1st lien loans of 1-4 units, regardless of purpose; there is no “business-purpose” exception.
- What are some common compliance violations in the commercial loan area when real estate has been taken as collateral?
- Review of the HMDA requirements and review of the changes to business purpose loans for the extensive HMDA rules that became effective January 1, 2018.
- Coverage issues – Which COMMERCIAL applications are covered loans that require data to be collected at the time of application? What types of dwellings are included? Best practices for documenting that applications for agricultural purpose are EXEMPT for HMDA reporting in 2018. However, other compliance requirements still apply for real estate secured agricultural loans!
- What data will be reported? What data will be excluded for business applications? Business purpose loans have many fields that are “not applicable”.
- Suggestions for potential problems with collecting, reporting, and validating the data fields for “applicant” and applications in these required fields and understanding when they may NOT be reported:
- Age for applicants who are “natural persons”, for example a sole proprietor
- Income – when is reporting required?
- Reasons for denial – potential problem area for commercial applications
- Application date
- Ethnicity, race and sex
- Disaggregation of ethnicity and race
- Flood insurance violations can be costly. What are some of the unique challenges with commercial buildings and collateral?
- There are four “trip wire” events for flood insurance. Learn about the revised rules for “detached structures on residential property“, this can include business purpose loans.
- BONUS TOOLS
- Matrix of 28 loan types; required disclosures for both consumer and commercial loans with explanations about real estate secured loans.
- Checklists that outline which compliance regulations apply to commercial credit and the exemptions for certain rules.
- HMDA flowchart and tips for 2018 reporting activity
- Flood insurance resources
Who Should Attend?
This informative session is designed for Commercial Lenders, loan assistants and processors, loan operations staff, compliance officers, and auditors.
Webinar Viewing Options
INCLUDES 7 DAYS OF UNLIMITED 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 a very effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for 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.
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.
Webinars can be scheduled and offered exclusively for your company. They can even be customized to best fit your needs. To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.
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.