Apr 11, 2024
With the massive 2018 modifications to HMDA, many institutions are still dealing with the challenges of collecting data under the burdensome new requirements. This two-hour webinar provides insight into the murky areas of HMDA which may result in the failure to report the appropriate loans on the LAR, or errors in reported data fields.
The world of HMDA changed dramatically in 2018, first when final rules changing Regulation C required by the Dodd-Frank Wall Street Reform and Consumer Protection Act went into effect, and again when Congress passed the Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA). Now more than five years later, these changes continue to be cumbersome and challenging.
This webinar will help you gain clarification around HDMA rules, including determining if a structure is considered a dwelling, when a mixed-use property is reported as a dwelling, and how to report multifamily residential structures, such as manufactured home communities. We’ll also go in-depth on correct reporting for areas where a majority of violations occur, including failure to properly collect and report the HMDA data fields for "covered loans" as Regulation C requires, and selecting the wrong "loan purpose" field.
Thursday April 11th, 2024
2:30 pm - 4:00 pm EST
What You'll Learn
Overview of HDMA best practices and common errors
Clarification on reporting home improvement loans
Reporting requirements for construction and permanent financing vs. TRID requirements
Expanded clarification on temporary financing
Who Should Attend
The program is designed for loan officers, compliance officers, loan processors, clerks, and auditors.
Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC, and has more than two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC, and consumer compliance. During her career, she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.
Available Upgrades
$120.00
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380