Review of Major Lending Regulations and Required Documentation

Why Should You Attend:

Proper documentation is essential for the bank to protect its investment and ensure that customers fully understand the loan product they have selected. Failure to properly document loans can leave banks exposed to litigation, losses and costly compliance violation penalties.

This webinar will provide participants with an overall understanding of the lending regulations to ensure loans are in compliance with the law.

Areas Covered in the Webinar:

• Regulation B: Equal Credit Opportunity Act (ECOA)
• The impact of Reg. B on the Application Process
• Regulation Z: Early Truth in Lending
• Regulation X: Real Estate Settlement Procedures Act (RESPA): covers purchase loans, subordinate liens, closed-end home equity loans, home improvement loans, refinances
• Review of documentation to include good faith estimate, HUD-1 or HUD1-A statement, settlement costs booklet, transfer of servicing rights, escrow arrangements
• Regulation O: Insider Loans
• Regulation U: Securities Credit by Banks
• Fair Debt Collection Practices Act
• Flood Disaster Protection Act

Who Will Benefit:

• Board of Directors
• Consumer Lenders
• Commercial Lenders
• Branch Managers
• Senior or Chief Lending Officers
• Senior or Chief Credit Officers
• Loan Review Personnel
• Compliance Officers
• Loan Operations Personnel
• Administrative Assistants to the Lending or Credit Functions
• Marketing Officer

Instructor Profile:

Roy Johnson, brings a wealth of knowledge to the banking sector as his career spans from his beginning as a Loan Associate all the way to becoming a Vice President of Commercial lending for a Leading Regional Bank in the Southeast.

He has over 32 years’ experience applying financial management, business operations, and credit management skills to the successful delivery of Commercial and Real Estate Lending, Commercial Credit Training, Consumer Lending, Community and Economic Development, and Community Relations strategies for financial institutions and local agencies. Roy holds a Bachelor’s Degree in Business Administration from Morehouse College in Atlanta Georgia, and a Master’s Degree in Business Administration/Finance from Atlanta University in Atlanta Georgia. Under his leadership he has managed special Assets well over $40,000,000 and controlled Personal loan portfolios of 75,000,000.

Roy Johnson possesses a combination of corporate and Non Profit experience which has provided him with insight which will enable him to accurately meet the needs of banking personnel looking to further their careers. His professional history in banking started with North Carolina National Bank, Charlotte, North Carolina (Now Bank of America) as a credit analyst. Within that time he rose from an analyst to an Assistant Vice President of the U.S. Financial Institutions Department. During his tenure he has climbed the ladder from Assistant Vice President to Regional Vice President all the way to becoming a Vice President of Commercial Lending and Special Assets in which he managed portfolios well over 115,000,000 combined.

Topic Background:

Before an effective lending function can commence, bankers must have a firm understanding of laws and regulations that governed the lending process. Regulatory requirements state what types of records must be obtained and maintained for each loan. During a safety and soundness examination, they will determine if lending practices, procedures and documentation follows the requirements of the major lending regulations.

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