Denied Loan Requirements A to Z

Denied Loan Requirements A to Z 

Thursday, October 14, 2021 
3:00 pm – 4:30 pm Eastern

It can be a long and winding road from loan application to fund disbursement.  Sometimes an application doesn’t beget a borrower.  Then what?  Examiners have long identified weaknesses in loan applications that don’t yield an originated loan.  Don’t miss this chance to learn what is required when a loan is denied – and how to avoid the landmines.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Identify and document when an inquiry becomes an application
  • Explain the requirements for an incomplete or withdrawn application
  • Properly notify applicants when denying a loan request
  • Recognize potential fair lending discrimination practices
  • Accurately prepare counteroffers
  • Comply with Reg B’s timing requirements for loan denials
  • Identify when the FACT Act requirements are required for denial notices
  • Monitor for common errors on notices

WEBINAR DETAILS 

An adverse action notice is designed to inform loan applicants that their application is being denied and provides the areas of concern.  In addition to being informational, a loan denial triggers regulatory requirements under Regulation B and, depending on the denial reason, a Fair Credit Reporting Act notice may also be mandated.  

This webinar will focus on pinpointing when an inquiry becomes an application, important timing requirements, and proper completion of the adverse action notice.  Common regulator-identified errors will be explained and tips to avoid them will be provided.  To help meet fair lending and Reg B compliance standards, participants will receive a tool designed to document the second review of a denied loan file.  Join us as we navigate through the requirements of Regulation B and the Fair Credit Reporting Act when a loan application is denied, incomplete, or withdrawn.

WHO SHOULD ATTEND? 

This informative session would best suit loan officers, loan processors responsible for denials or second reviews, compliance officers, and auditors.

TAKE-AWAY TOOLKIT

  • Application trigger chart detailed by regulation
  • Second review checklist of adverse action notices
  • Cheat sheet explaining each denial reason on the notice and which to use in different scenarios
  • Employee training log 
  • Interactive quiz

SPEAKER

Molly Stull
Brode Consulting Services, Inc.

Molly Stull began her career as a teller while working on her undergraduate degree and has continued working in the financial industry ever since.  She has experienced the growth of a hometown bank, branch mergers, charter changes, name changes, etc.  Molly has activated business resumption plans, performed secondary market quality control reviews, processed wires, filed SARs, and coordinated reviews with external auditors and examiners.  Her favorite role has always been educating staff and strongly believes that if staff understands the reason for a process they will be more compelled to follow the procedures.  Molly holds a bachelor’s from the University of Akron and an MBA from Ashland University.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by Financial Education & Development

If you are having issues with registering online, please contact CBAO's Education, Training & Special Events Coordinator, Patti Webb, (614) 610-1877.

Registration Options (Member/Non-Member Pricing)
Live Webinar ($345/$490) – The live webinar option allows you to have one internet connection from a single computer terminal. You may have as many people as you like listen and watch from your office computer. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com.

Recorded Webinar + Free Digital Download ($265/$400)– Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 6 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.

Additional Live Webinar Connections ($175/$260)  – Registering another banker from a different location

Both Live Webinar & Recorded webinar + Free Digital Download ($395/$600)– Includes Live Webinar and Recorded Webinar options above.

When
10/14/2021

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