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HMDA
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7/19/2018
When: 9:00 AM
Where: United States

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Program Content:

This is the description from our webinar that was presented in January 2018. Please check back for a modified description. Topics may be updated, but registration is now open.

The CFPB’s new 2018 HMDA rules are now in effect, although the CFPB had announced that enforcement of the new rules will be delayed at least a year. The new rules expand what types of loans are covered, and many more data elements (110 to be exact) are now to be collected. As well, the submission and disclosure processes will change, to the new CFPB online method. What do the CFPB’s announcements mean? Should lenders collect the new data? Will examiners be looking at it? Short story is don’t change your processes just yet, but there are some things to keep in mind. As well, the existing HMDA data elements must still be collected and submitted properly. We’ll discuss the current state of HMDA in this session and get some of your questions answered.

Covered Topics:

      •The CFPB’s announcements about the new HMDA rule and delays in enforcement – what does all this mean and what should we do?
      •Details of the new coverage rules – who collects and submits information, and when
      •What types of loans are reportable now
      •The new dwelling-secured loan standard – what does this impact?
      •Changes in the commercial loan area
      •How to handle HELOCs
      •New LAR fields – moving to 53 fields, but with many additional data requirements
      •New categories of reporting, including information on the property, loan type, and loan features; plus identification information
      •Changes on how GMI is reported
      •Changes to the submission process
      •Quarterly reporting for some institutions
      •How the public obtains HMDA information changes
      •Practical and compliance implications

This webinar is a breakout session from the Core Compliance Suite. A subscription to the Core Compliance Suite (CCS) includes a quarterly, two-hour webinar focused on the most recent changes to the compliance landscape as well as access to six core compliance webinars presented by Carl Pry which are essential to your annual compliance training. For more information on the Core Compliance Suite visit ttsComplianceSuite.com. You can email questions to info@ttsTrain.com or talk with a representative by calling 1-800-831-0678.

Who Should Attend:

Loan officers, managers, and processors, compliance and fair lending officers, auditors, counsel, and anyone else with HMDA-related responsibilities, including data collection, reporting, analysis, and disclosure.

Presenter:

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Managing Director for Treliant Risk Advisors in Washington, DC. 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 scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.


 

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