RC_RC_GO_201.1 Fair Lending and Equal Opportunity Laws
MBA Member Price: $49.00
Nonmember Price: $79.00Purchase
This is a single-family/residential course.
The Fair Lending and Equal Opportunity Laws course provides an overview of the legislation that shapes fair lending and equal opportunity compliance rules for the mortgage industry. This course covers the purpose and main provisions of the Equal Credit Opportunity Act (ECOA), the Fair Housing Act (FH Act), the Home Mortgage Disclosure Act (HMDA), and the Community Reinvestment Act (CRA). Additionally, the course introduces Section 342 of the Dodd-Frank Act and discusses how it is used to promote diversity and inclusion.
For each law, the course provides a quick overview of essential facts about the law, including a brief statement of its purpose, its implementing regulation, and its primary regulator; a discussion of its history and background; and an explanation of its main provisions. While this course is intended to serve as an introduction, resources for further reading are provided for a more in-depth learning experience.
Seat time approximately one (1) hour.