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Non-real estate consumer loan compliance is a critical aspect of a financial institution’s operations as compliance violations can result in enforcement actions, public fines, and even potential jail time. Therefore, it is essential that financial institutions ensure that lending practices adhere to applicable consumer laws and regulations. Consumer (non-real estate) loans encompass a wide range of products, including personal loans, auto loans, and even deposit-secured loans. Institutions must meticulously follow rules such as Fair Lending laws, the Truth in Lending Act (TILA), Fair Credit Reporting Act (FCRA), and even the Bank Secrecy Act (BSA) and Privacy rules to ensure compliance and avoid violations that can result in fines and penalties. Compliance with these regulations helps protect consumers from unfair lending practices and discrimination while promoting transparency and fairness in the lending process.
Our Consumer Non-RE Loan Compliance program is designed to inform attendees of the compliance requirements for non real estate loans, such as auto loans, unsecured loans, and deposit secured loans (noting this program does not focus on the rules for open-end credit plans, including credit cards). While this program isn’t a “school” of sorts, this half-day program would be a great way to bring your team members up to speed on the compliance requirements for non-RE loans. Our program contains six different training videos and runs nearly four hours long, providing a comprehensive overview of the compliance elements non-real estate lenders need to know. The program begins with a brief introduction and then moves into a conversation on fair lending and Regulation B. The second video of the program looks at the compliance requirements for adverse action notices while the third video reviews the Regulation Z rules that apply to consumer non-RE loans. The program next reviews rules for lending to servicemembers (MLA and SCRA) as well as looking at the applicable Fair Credit Reporting Act (FCRA) requirements. The program concludes with a review of applicable Bank Secrecy Act (BSA) and privacy rules, covering the most common “compliance” requirements for consumer non-RE loans.
This program is designed to cover the applicable compliance elements for consumer non-RE loans, making it a perfect program for anyone needing to understand the compliance elements for these loans. This means that the program would be good for both compliance professionals and auditors, but is also specifically designed to help loan officers and processors understand the compliance rules that apply to them. Plus, our “+unlimited employees” option can be used to deliver this program to your entire team through a private portal that makes accessing the training program extremely easy. (To learn more about our private portal and +unlimited employee option, contact us or see the “Add On “+Unlimited” description below.)
This program would be good for compliance professionals, lenders, processors, auditors, loan managers, loan operations team members, and anyone who needs to understand the compliance rules for consumer non-real estate loans.
Regular Price: $399
ADD ON: “+ Unlimited” - Add a private portal for anyone in your organization to view this program for an additional $199. Access is still available for 60 days, so those in your organization must view the program during your 60 day access window. Limit of 5 total Certificates of Attendance, though anyone in your organization can view the program through the portal we set up. You will be contacted with information on the private portal sometime after purchase.
PREVIEW THE CLASS BEFORE YOU BUY? If you would like to demo this class before you purchase it to make sure it's what you are looking for, just let us know and we can work something out.
The class is presented in multiple videos and will provide you with a deep dive on consumer non-real estate loan compliance requirements. The total time of video instruction in this program is 3 hours 53 minutes.
See below for the full curriculum:
Fair Lending
Intro to Fair Lending
Regulation B (ECOA)
Adverse Action Notices
Regulation Z
Lending to Servicemembers
Military Lending Act (MLA)
Servicemembers Civil Relief Act (SCRA)
Fair Credit Reporting Act (Regulation V)
Bank Secrecy Act
Privacy (Regulation P)
““I thoroughly enjoyed this program, and the manual is an excellent resource! The fact the program was split into 6 sections was my favorite part...I could watch them in whatever order I wanted. Adam is an excellent presenter, as well.””
This Compliance Class provides you with a deep dive into the requirements for financial institutions.
The class includes the following:
A comprehensive manual
A “virtual classroom” instructional video
60-day access to the class
Certificate of completion (1 per registration - available upon request)
All of our Compliance Classes are presented in our virtual classroom approach. This approach is designed to bring the presenter to you (at a fraction of the cost of having a live person) and includes a video of the presenter in front of a slide presentation that replicates a typical seminar environment. In addition, our presenters take a three-part approach to compliance instruction: to educate, to empower, and to entertain. This is achieved by focusing on relevant topics, speaking in simple to understand, layman's terms, and by keeping it light and humorous whenever possible. We have found that this "3-E" approach allow students to learn as quickly and effectively as possible. And, it adds a little bit of fun to an otherwise dreadful topic.
Certificates of completion are now available upon request. One certificate is available per registration.
When you purchase this compliance class, you get instant access to the online version of this class for 60 days. You will also receive an electronic version of the accompanying manual to keep.
We believe in our training products so much that we are offering a 100% money back guarantee within the first 10 business days after purchase. If you do not feel that you received the value promised for this training session, contact us within the first 10 business days after purchase and we will either make things right or provide 100% of the purchase price back to you.
