Lending to Legal Entity Customers Webinar

BSA examiners are digging deeper and asking more questions about lending to legal entity customers. Could a BSA examiner find loan fraud that was missed by your institution’€™s due diligence process? Does your institution have a system for identifying false statements and identity theft attempts on loan applications? Do your lenders know these activities may require filing a suspicious activity report? Is your process for documenting beneficial ownership effective? This program will address the four core elements of the CDD (Customer Due Diligence) Rules.

Commercial lenders are also required to follow several core lending regulations. Key disclosure requirements will be included in this session. Which regulations apply to commercial loans? What if a loan is secured by real estate? Are there exceptions when real estate is taken as ‘€œan abundance of caution’€? Can examiners assess civil money penalties for violations?

Program Highlights

  • What are five reasons to conduct BSA training for Commercial Lenders?
  • What are some of the BSA ‘€œred flags’€ and risk factors in commercial lending?
  • What types of due diligence questions should you ask legal entity loan applicants for BSA compliance?
  • Steps for BSA due diligence throughout the life of the loan.
  • Review of how to comply with the four core elements of the CDD (Customer Due Diligence) Rules that include:
  • Customer Identification and verification
  • Beneficial Ownership identification and verification of a ‘€œlegal entity’€
  • Understand the nature and purpose of customer relationships to develop a customer risk profile
  • Ongoing monitoring for suspicious transactions, and, on a risk basis, maintaining and updating customer information.
  • Overview of commercial loan compliance hot spots, including fair housing, Regulation B, Flood Disaster Protection Act, Fair Credit Reporting Act, accommodation loans, HMDA, and insider lending

Who Should Attend?

This informative session will provide a greater understanding of BSA requirements for commercial loan applications, including CDD requirements. It will benefit loan officers, loan assistants, loan operations staff, compliance officers, BSA staff, auditors, and trainers.

Continuing Education 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.

View Delivery Options

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Susan Costonis
Susan Costonis

Susan Costonis is a compliance consultant and trainer. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs ... read more.

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
Lending to Legal Entity Customers0.25 Any AnyWebinarCD-ROM Video Recording Susan Costonis$345.00 Register Now
Lending to Legal Entity Customers0.25 Any AnyWebinarSix Month On-Demand Recording Susan Costonis$295.00 Register Now
Delivery Options

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!

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.

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