Description
As regulators continue to report significant error rates for HMDA data submissions and LAR records, more institutions will find themselves the subject of fair lending exams. This comprehensive program is designed to provide a thorough overview of existing LAR submission reporting requirements as well as the proposed changes to HMDA and Regulation C.
Background On July 24, 2014, the Consumer Financial Protection Bureau (CFPB) published proposed rules to implement changes to the Home Mortgage Disclosure Act (HMDA). As regulators continue to report significant error rates for HMDA data submissions and LAR records, more institutions will find themselves the subject of fair lending exams. In anticipation of the proposed changes and current reporting challenges, this comprehensive program is designed to provide a thorough overview of existing LAR submission reporting requirements as well as the proposed changes to HMDA and Regulation C.
Benefits
Register today so you can:
• Gain a thorough understanding of which institutions are covered by HMDA and Regulation C, and which loans are and are not reportable under HMDA.
• Learn how to correctly complete the LAR and receive tips for the timely preparation and submission of LAR reports;
• Understand financial institution management responsibilities in the HMDA process and how to ensure HMDA compliance;
• Preview the expanded data required on the LAR under the proposed Rule as well as an overview of all other proposed HMDA changes;
• Learn the steps to identify and eliminate reporting errors to avoid penalties and fair lending exams
Who Should Attend
• Mortgage loan department management and trainers
• Compliance Officers
• Auditors and others with responsibilities for assuring compliance with HMDA data collection and reporting rules