How to Handle the Coming Risk-Based Pricing Notice

Click here for a PDF registration brochure.

Webinar
Presented by Indiana Bankers Association
Tuesday, July 20, 2010  - 2:30 p.m. - 4:30 p.m. EST

Program Content
One of the last requirements of the FACT Act has finally come home to roost – the risk-based pricing notice. The new requirements are effective January 1, 2011. Do you know what is required?

This webinar will discuss in-depth the requirements of the new rule, which in a nutshell require a notice be provided to a consumer whenever material terms of credit offered are less favorable than the most favorable terms available to a substantial portion of that creditor's consumers, and the basis of the offer is information from the consumer's credit report.

That sounds like a lot of legalese and a lot of terms to be defined. You're right – that's exactly what we'll concentrate on in this webinar, plus:

Covered Topics:

• Clear definitions of covered terms
• When exactly the notice is required
• Exclusions – when the notice is not required
• Contents of the notice, including model forms
• Disclosure timing requirements
• Disclosures to multiple applicants
• The various disclosure options available, including the “credit score proxy method” and the “tiered pricing method”
• Alternative methods available applying to loans secured by residential real property and other types of loans
• Information required from credit bureaus to make this all work
• What happens if something is missing

Presenter: Carl Pry
Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Vice President and Compliance Manager for a large financial institution in Ohio. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory
compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Who Should Attend:
Anyone who deals with credit reporting responsibilities at your institution, and the consumers who are affected, plus loan officers, underwriters, compliance officers, counsel, and anyone else involved in the loan decisioning process would benefit from this session.

What is a Webinar?
A Webinar is a seminar that you watch on your computer, via Internet, while listening to the content through your telephone. This offers you the opportunity to have a seminar at your location without any of the travel! The registration fee of $255 allows you access to one website “seat,” one telephone site license and all hand out materials. Webinars are live and allow time throughout for questions and answers. If you are unable to attend the Webinar but would like to have this information for training purposes, you may also purchase an audio CD, handout materials and a password to view the information online.

CAN’T ATTEND THE SCHEDULED TRAINING?
ORDER THE NEW, IMPROVED CD ROM*. As an added benefit, you may purchase the entire presentation on CD Rom. NEW! The new, improved CD Rom is complete with the audio and visual presentation from the original Webinar plus participant handouts. With this CD, you will have an “off-the-shelf” training program for those that were not able to attend the live seminar and for future training purposes. Affordable, professional training, when and where you choose! *CD Rom for PC use only

Registration Fee
Webinar
$255 Member                    $150 Each Additional Member Location
$510 Non-Member             $300 Each Additional Non-Member Location

Webinar & CD-ROM
$375 Member                    $750 Non-Member

CD-ROM & Handout Training Material
$255 Member                    $510 Non-Member

Cancellation Policy
Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. If your bank is unable to participate after registering, you can also select to purchase an audio of the recorded presentation. To cancel please call Marlene Wells at the Indiana Bankers Association at 317-387-9380 or e-mail her at mwells@indianabankers.org.