Loan denials are receiving increased scrutiny during recent examinations to ensure that adverse action notices are complete and accurate, documentation is impeccable, and there are no fair lending concerns/violations.  How will your procedures fare under intensified examination?  This session will address the technical requirements of denials for consumer, residential, and commercial loans.

Accurate completion of adverse action notices is important for several reasons:

1. Their accuracy and timeliness are reviewed during compliance exams
2. Adverse action notices are the cornerstone of fair lending examinations
3. Inconsistent, inaccurate notices could result in the credit union being required to go back six months, review past notices, and resend accurate denial notices.  (Imagine the reaction of a past, unsuccessful borrower who receives a reminder denial notice!)

This webinar will provide examples of examiner findings to illustrate what is covered during exams and show you how to include denials in the sample for your internal comparative file review for fair lending compliance.

HIGHLIGHTS

WHO SHOULD ATTEND?

This informative session is necessary for all loan officers, loan processors responsible for denials, compliance officers, and auditors.