This is a single-family/residential course.
There are many laws relating to fair lending and real estate financing that are designed to:
- Prevent inappropriate discrimination
- Protect the consumer
- Promote access to credit opportunities
Mortgage lenders are required to adhere to these laws and are monitored by their supervisory agencies for compliance.
Evaluating Fair Lending Compliance begins by exploring completing self-examinations and then moves on to what agency regulators look at and for during their examination. From there, the course covers what information must be made public by banks, thrifts, credit unions, and mortgage lenders in regards to mortgage lending activity, especially focusing on community reinvestment requirements.
Finally, the course details agencies that protect consumer rights and how the consumer can receive help from these agencies when they feel they have a valid complaint as well as what items qualify.
- Fair Lending Examinations
- Public Disclosure Requirements
- Consumer Fair Lending Complaint Procedures
Seat time approximately one (1) hour.