Introduction to Consumer Loan Origination & Compliance

Click here for a PDF registration brochure.

Program Overview

This entry-level seminar is designed to provide new consumer lenders with the necessary underwriting and decision-making skills needed to make safe, sound, collectible consumer loans.  In addition to secured and unsecured consumer transaction, home improvement and home equity loans are also included in the day’s discussion.

There are two main objectives of this seminar.  The first is to the provide participants with a thorough foundation for safe and sound consumer lending practices.  The second is to promote the importance and understanding of regulatory compliance through the entire consumer loan origination process.

A variety of consumer lending resources will be included in the seminar handout.

Seminar Topics
Origination Concepts Discussed

• Review of basic consumer, personal and household loan purposes
• How to gather complete consumer loan application information
• How to evaluate consumer loan application information
• How to make the” best” consumer loan decision
• Consumer Loan Documentation
• Consumer Loan Collections

Regulations Discussed

• Equal Opportunity Act as Implemented by Regulation B
• Regulation P (Privacy)
• The Truth-in-Lending Act as Implemented by Regulation Z
• The Right of Rescission
• The Homeowners Equity Protection Act
• Home Owners Equity Protection Act (HOEPA)
• The Fair Credit Reporting Act
• Bank Secrecy Act and Customer Identification
• Appraisal and Evaluation Basics

Lending & Compliance Resources Provided

• Important Banking Websites   
• Sample Consumer Loan Underwriting Guidelines 
• Sample Consumer Loan Application  
• Consumer Credit Report Information  
• Regulation Z “APR” Resources
• HOEPA Worksheet
• Regulatory Appraisal Guidance   
• Appraisal Underwriting Checklist  
• Consumer Loan Underwriting Worksheet 
• Collateral Valuation Report
• Notice of Right to Receive A Copy of Appraisal 
• Notice of Right to Rescind   
• Notice of Adverse Action

Who Should Attend
Community bankers and lenders who participate in their bank’s consumer loan origination process.  Newly appointed loan officers and members of the bank’s credit administration and loan processing areas will especially benefit.

The program is approved for 6 hours of CPE credits.

About Your Presenter
John Cochran, John Cochran & Associates, Jefferson City, Missouri presents a variety of lending seminars to many state banking associations and individual client banks. Additionally, he serves on the faculty of several commercial lending schools. When not teaching, John provides consulting and loan review services to client banks.  During his banking career, he served in a number of lending capacities including compliance and loan review officer, consumer and commercial lending, chief lending officer, and president and chief executive officer of a community bank.

Fees

The following fees include the program, materials, lunch and refreshments:

$225 — IBA Members
$155 — Each Additional IBA Member
$450 — Non-Members

As of Jan. 1, 1994, only 50 percent of business food and beverage can be deducted. For tax purposes the cost of food and beverage for this program is $25.

The Agenda
8:30 a.m. Registration & Continental Breakfast
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.