RC_RC_LP_200.4 Consumer Protection in Loan Origination
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011058-WC-WPurchase
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 module 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 module concludes with a discussion of the Dodd-Frank Act and its influence on the current regulatory environment.
- Fair Lending
- Privacy and Consumer Credit Information
- Predatory Lending
- Dodd-Frank Act
Seat time approximately one (1) hour.