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CPD Course
Fair Lending
Develop practical knowledge and confidence in Fair Lending.
This course will educate the learner on fair lending procedures and regulations. This course will also discuss marketing and advertising, and the interview process for loans. After completing this program, the learner will be able to:
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Course Description
Buying for a team?
Choose 5 or 10 licences to purchase access for multiple learners at a reduced per-person rate. After purchase, eBSI will contact you to confirm the learner details and arrange course access for each participant.
Develop practical knowledge and confidence in Fair Lending.
This course will educate the learner on fair lending procedures and regulations. This course will also discuss marketing and advertising, and the interview process for loans. After completing this program, the learner will be able to:
Why this course matters
This course turns the subject into practical, structured learning you can apply in real business and workplace situations. It is designed to help you move beyond definitions and understand how the ideas, tools and decisions covered in the course fit together.
What you will gain
- Build a practical understanding of the key concepts covered in Fair Lending.
- Recognise where the topic applies in real workplace or business situations.
- Apply the methods and good-practice approaches covered in the course with greater confidence.
Who is this course for?
This course is suitable for professionals, managers, business owners and learners who want practical knowledge they can apply in real workplace situations.
Course at a glance
- Study time: approximately 3 hours.
- Format: self-paced online learning.
- Professional development: CPD course.
Course Outline
Seat Time: 3hrs
This course will educate the learner on fair lending procedures and regulations. This course will also discuss marketing and advertising, and the interview process for loans. After completing this program, the learner will be able to:
- Inform consumers of the appraisal, interview, and underwriting process.
- Adhere to federal regulations surrounding fair lending.
- Understand requirements for taking credit applications and evaluations.
Course Topics
T1. Fair Lending: This topic will define fair lending and will provide the learner with procedures for understanding and complying with fair lending and how to identify and prevent the different types of discrimination.
T2. Fair Housing Act: This topic will familiarize the learner with the Fair Housing Act (FHA) and its basic requirements regarding fair treatment of inquiries, underwriting standards, and equal housing opportunity
T3. Marketing and Advertising: This topic will focus on fair marketing and advertising procedures by defining the marketing function and familiarizing the learner with prohibited activities.
T4. Homeowners Protection Act (HPA): This topic will familiarize the learner with several aspect of the Homeowner's Protection Act, including, but not limited to, private mortgage insurance, borrower requested cancellation, and automatic termination.
T5. HPA Disclosure and Notice Requirements: This topic will familiarize the learner with disclosure and notice requirements for multiple types of mortgage transactions, in addition to notifications of termination dates.
T6. ECOA: This topic will define the Equal Credit Opportunity Act (ECOA) and will provide the learner with requirements for taking credit applications and evaluations, extending credit, and information monitoring.
T7. Appraisals: This topic will familiarize the learner with appraisals, including applicant notifications, written requests, and copies of the appraisal.
T8. Interview Process: This topic will familiarize the learner with the interview process by defining pre-approvals and differentiating between prohibited and acceptable information requests.
T9. Underwriting: This topic will familiarize the learner with underwriting by providing lists and explanations of essential considerations, prohibited activities, and any difficulties that an underwriter may face.
T10. Notification of Action Taken: This topic will familiarize the learner with the requirements for notifying applicants when actions have been taken regarding their loan applications, included are instructions for small and large business loans.
T11. Fair Debt Collection Practices Act: This topic will define the Fair Debt Collection Practices Act and will familiarize the learner with its various aspects, including communication with third parties and consumers, consumer notifications, and unfair practices.
T12. Third-Party Relationship Management: This topic will discuss the necessity of third-party oversight, particularly in accordance with Consumer Financial Protection Bureau (CFPB) regulatory requirements, and will explore key points of a financial institution's vendor management program.
Continue your learning
Part of this learning pathway: Compliance & Regulatory
Course pathway: eBSI Banking Academy > Compliance & Regulatory > Fair Lending
Explore more Compliance & Regulatory training or return to the eBSI Banking Academy.
Your questions, answered
Does the course include a certificate?
The course assessment leads to a downloadable digital PDF CPD Certificate of Completion. See the course description for the CPD credits awarded.
What is CPD?
CPD stands for Continuing Professional Development. It is the ongoing learning that helps you maintain and develop the knowledge and skills you use in your work. Courses, workshops and other learning activities can contribute to your CPD record.
Can I ask a question before enrolling?
Book a free video consultation to discuss your goals and course choice.