RC_RC_LP_200.4 Consumer Protection in Loan Origination
MBA Member Price: $49.00
Nonmember Price: $79.00Purchase
This is a single-family/residential course.
Consumer Protection Laws in Loan Origination takes an in-depth look at some of the major fair lending, privacy, and predatory lending laws that have shaped the landscape of regulatory compliance in mortgage lending.
We will first review three fair lending laws -- the Fair Housing Act, the Equal Credit Opportunity Act, and the Home Mortgage Disclosure Act -- which define and prohibit discrimination in mortgage lending. We will next review how the Fair Credit Reporting Act and Fair and Accurate Credit Transaction Act protect consumer privacy and help fight identity fraud by instituting requirements for the handling of consumer information.
The course then explores consumer protections against predatory lending, including the Home Ownership and Equity Protection Act and rules protecting consumers with higher-priced mortgage loans.
The course concludes with a discussion of the Dodd-Frank Act and its influence on the current regulatory environment.
Seat time approximately one (1) hour.