HMDA: A Summary of the New Final Rules Webinar
HMDA is known to be the most difﬁcult lending regulation to understand and with which to comply. Unfortunately, the error tolerances are as low as 5%, and many banks suffer Civil Money Penalties for submitting inaccurate HMDA data (see complete description below).
Click Here for Webinar Description and Audience
HMDA is known to be the most difﬁcult lending regulation to understand and with which to comply. Unfortunately, the error tolerances are as low as 5%, and many banks suffer Civil Money Penalties for submitting inaccurate HMDA data.
This webinar will focus on the current requirement, plus give you an overview of the coverage requirements effective 1/1/2017 and 1/1/2018. Your presenter is David Dickinson, who has been teaching HMDA at the ABA’s Compliance School for 15 years.
What You Will Learn:
- A Summary of the New Final Rules – Effective 1/1/2017 and 1/1/2018
- HMDA: What’s it all about? The background/purpose
- Who HMDA applies to?
- Which loans are and are not HMDA reportable
- Common violations
- Information gathering and reporting
- What HMDA applies to?
- What HMDA does not apply to? Lots of examples.
- Proper completion of the LAR: 17 items that must be collected and completed for each entry
- Temporary financing – clarification and examples to this confusing area
- Refinancing – when it applies and when it does not
- Pre-approvals vs. pre-qualifications
- Pre-approval examples
- Public notices
- Resources, tools and quick reference guides
Who Should Attend?
All loan department personnel, compliance officers, and auditors
Click Here for Continuing Education Credits (CEC) Info
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.
Click Here for Viewing Option Descriptions
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.
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.