This is a single-family/residential course.
To have a full understanding of the nature and purpose of today’s fair lending regulations, it is important to understand the origin of fair lending laws and why they were established. It is equally important to have the practical skills and understanding necessary to serve a culturally diverse group of consumers.
Introduction to Fair Lending looks at circumstances that necessitated the legislation of fair lending practices. It then briefly describes the laws that work to prevent discrimination in lending including the Fair Housing Act, Equal Opportunity Act, Home Mortgage Disclosure Act, Community Reinvestment Act, and Fair Housing Amendments Act. From there, the course identifies the principles of quality of assistance that will improve a customer's perception of his or her treatment by all roles in mortgage production.
Finally, the course examines the categories of discrimination addressed within fair lending regulations which covers how to prove discrimination in lending, how to recognize overt discrimination, what disparate treatment is as well as its impact.
- History of Regulatory Compliance
- Fair Lending Laws
- Quality of Assistance
- Types of Discrimination
Seat time approximately one (1) hour.