With many consumers and businesses in distress due to pandemic and related financial stresses, borrowers are in trouble. As a result, your institution is likely inundated with requests for accommodations or other sorts of assistance to keep from defaulting. But compliance doesn't take a vacation; there are many requirements that must be followed when refinancing or modifying a loan. This discussion will center on those requirements so that you can be certain not to miss anything when changing a loan.
Specific Topics Include:
- Why might an existing loan be changed?
- Disclosures
- Flood Insurance
- Appraisals
- Right of Recission
- Credit Reporting
- HMDA, CRA, and Fair Lending
- "Qualified Mortgage" Changes
- Bank Secrecy Act Reform
Subscribe to The Directors Education Series and provide your leaders with the guidance and tools needed to navigate the complexities of today's banking environment.
training features:
- Includes Audio, Video and Powerpoint.
- PDF Handouts
- Discussion Questions
- 20-25 minutes in length (Perfect to show at your monthly board meeting!)
Who Should Attend?
This program is recommended for your Executive staff including every member on your Board of Directors.“We are loving the program for our Directors. Training has now become a more regular event and the format and timing of the training is just right for the BOD. They have found the information very helpful in understanding their roles as directors.” — Maureen Daehn, CFO, Maple Bank
“After 42 years in Banking and now a Director, the series enables me to continue my knowledge in this ever changing industry! You're never too old to learn, and being a Director it's our responsibility to continue to learn for the good of our organizations.” — Gerald Schmidt, Board Member, Stephenson National Bank and Trust