Compliance Lending With Federal Regulations

Click here for a pdf brochure.

• Are you worried that the attention being focused on the current “mortgage crisis” will result in increased scrutiny of your compliance with RESPA and Truth-in-Lending during your next compliance examination?
• Have you noticed the increasing number and amount of penalties being assessed for noncompliance with Flood Insurance requirements?
• Are you concerned that your procedures to ensure compliance with anti-discrimination requirements may not be adequate?
• Do you wonder if there will ever be an end to new regulations issued under the FACT Act?
• How are you supposed to keep up-to-date when consumer protection laws and regulations continue to become more complex, the consequences of noncompliance become more severe, and your time and resources are more and more limited?

Professional Bank Services can help guide you through the lending compliance maze. This year, our annual lending compliance program focuses on those areas that are particularly high-risk and the subject of more intense examiner attention. While the manual contains detailed outlines on numerous compliance topics applicable to all financial institutions, the discussion will focus on the current regulatory “hot spots,” your compliance questions, and proposals that your institution needs to address.

Seminar Topics
Discussion Topics

• Regulation B/Equal Credit Opportunity Act
• Fair Housing Act
• Regulation X/Real Estate Settlement Procedures Act
• Regulation Z/Truth-in-Lending Act
• Flood Disaster Protection Act
• Fair Credit Reporting Act/FACT Act

Issues and frequent problems addressed include:
Regulation B

• Adverse action notice requirements for co-applicants and guarantors
• Collection of monitoring information, including telephone and online applications
• Spousal signatures and business guarantees
• Documenting intent to file joint applications 

Fair Housing Act

• Data collection requirements
• Effect of third-parties’ actions, e.g., discriminatory appraisals

RESPA

• New rules effective in 2010
• Prohibition of referral fees
• Disclosure of lender-paid fees
• Content and accuracy of the current and new good faith estimates and settlement statements
• Proper administration of escrow accounts

Regulation Z

• Adjustable rate mortgages
• Lender fees – what is or is not a finance charge
• New rules regarding Section 35 mortgages and Section 36
• Identifying and disclosing HOEPA (Section 32) mortgages
• Revolving home equity lines of credit
• Rescission pitfalls

Flood Insurance

• When flood determinations are required
• Use of previous determinations
• Accuracy, content and timing of required notices
• Required coverage amounts, including replacement cost issues

Fair Credit Reporting Act

• Update on FACT Act
• FCRA adverse action notice to co-applicants
• Use of reports for deposit and employment purposes

Presenter
J. Patrick Liddy is a Senior Consultant at PBS. Prior to joining the firm he practiced law for ten years in Ohio and Arizona where he is currently licensed. Mr. Liddy began his banking career as General Counsel & Compliance Officer for a $43 million community bank. The bank was purchased by a major bank holding company where he served as Director of Compliance through a tenfold expansion of assets.  Mr. Liddy has performed in-house training on a variety of compliance and legal topics.  He has also served as Senior Risk Officer and Risk Division Counsel. He is a graduate of the ABA National Graduate School of Compliance Management. Mr. Liddy holds a Bachelor of Arts degree from the University of Notre Dame and a Juris Doctor degree from The Ohio State University College of Law.

Fees & Location
The following fees include the program, training materials, continental breakfast, lunch and refreshments:

• IBA Members - $425  
• Non-Members - $850

This two-day seminar will be held on Wednesday & Thursday, July 14 & 15, 2010 at the IBA Center for Professional Development, located at 6925 Parkdale Place, Indianapolis, IN 46254. Directions, map & a list of local hotels are available on our website at www.indianabankers.org or by calling 317-387-9380.

The Agenda (Both Days)
8:30 a.m. Registration
9:00 a.m. Program begins
12:00 noon Lunch (included)
1:00 p.m. Program resumes
4:00 p.m. Program adjourns

Location
IBA Center for Professional Development
6925 Parkdale Place
Indianapolis, IN  46254

The IBA Center for Professional Development is located on the westside of Indianapolis just off of I-465. From I-465 take the 38th Street West Exit (Exit 17). When you exit go west on 38th street. Turn north/right onto Eagle Creek Parkway and then east/right onto Parkdale Place. Our address is 6925 Parkdale Place, Indianapolis, IN 46254. Click here for a map and a list of local hotels.  Dress is business casual.

Confirmation/Cancellation
Everyone who registers online will receive an e-mail confirmation after the registration is submitted. Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations or absences which occur on the day of the program. Substitutions are welcome at any time.