Nov 12, 2024
Regulation DD has remained on the list of “most violated regulations” for several years. While the regulation has not changed in many years, mistakes keep occurring. We will review all aspects of Regulation DD. We will then present a series of Regulation DD scenarios – some correct, but many highlighting the errors that can occur under this regulation. We have received many recent questions regarding Regulation E error resolution. Although we have covered this regulation in the recent past, new questions have arisen, and we will discuss these new issues and the relevant portions of the regulation. We have discussed Reconsideration of Value as part of Regulatory Update the last couple of quarters. We will focus on what the actual federal regulatory guidance is, as well as a brief look at the requirements of HUD, Freddie Mac, and Fannie Mae. Finally, we will include a section on the changes that you will need to address in 2025-2026. While some changes will not require great effort, others could impact how you conduct at least some parts of your business. This portion of the presentation will offer a “road map” and timelines to assist you in preparing for these changes. Our previously announced topic of Auditing TRID will be moved to 2025.
| Registration begins at 8:30 AM. The seminar will run from 9:00 AM to 3:00 PM |
Regulatory Update
Main Subjects
WHAT HAPPENED TO 1071?
While we will not discuss the new Subpart B of Regulation B (1071) at this session, many
commercial lending departments will find themselves dealing with 1071 in the not-too distant
future. All banks that make more than 100 commercial loans in a year will have to comply. While this may not yet apply to your bank, understanding the potential issues you might face in the future will be useful to you. We will offer a complete review of 1071 in our first quarter session, which will be in plenty of time to fully prepare for the changes 1071 will bring your way. We will also offer an additional topic (Regulation CC) for all attendees (virtual), so that those institutions that do not believe that they will have to comply with 1071 any time soon will have a useful seminar during the first quarter. Changes to Regulation CC occur next summer, and the Regulation CC presentation will be available to all CBC members. More information in our first quarter 2025 brochure.
Bill Elliott has over 45 years of banking experience. As a senior compliance consultant and director of compliance education with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews for all areas of compliance, conducting in-house training, and writing compliance articles and training materials.
During his career, Bill spent 15 years as a compliance officer and CRA officer in a large
community bank, and also worked for a large regional bank. He has been a lender for
consumer, commercial, and mortgage loans, and has managed a variety of bank
departments, including loan review, consumer/commercial loan processing, mortgage
loan processing, loan administration, credit administration, collections, and commercial
loan workout.
| Who Should Attend? This seminar will benefit anyone with compliance or non-consumer purpose credit responsibilities, which may include compliance officers, commercial lending supervisors and lenders, management, auditors, and any other interested parties. |
$350 IBA Member
$180 Each Additional IBA Member
100% Surcharge is applied for Non-Members.
This seminar will be Tuesday, November 12, 2024, at the IBA Center for Professional Development, 8425 Woodfield Crossing Blvd. Suite 155E, Indianapolis, IN 46240. Directions, map & list of local hotels are available on our website at www.indiana.bank or you may call the IBA Office at 317-387-9380. This training will also be available virtually on Tuesday, November 12, 2024.
If choosing to take this course online, we still look forward to “seeing” you! You will receive your manual 2-3 days in advance should you want to print this to have during training. At this time, you will also receive log in instructions.
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You will receive an e-mail confirmation at
Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations the day before or absences on the day of the program. Substitutions are welcome at