Compliance in Commercial Lending 2022 | CBANC | 15 February 2022 | Webinar

Internal classification of a loan as "commercial" doesn’t necessarily mean it is exempt from the disclosure or reporting requirements typically associated with consumer lending.

It is critical for commercial lending staff to know what regulations apply to commercial loans and where some of the consumer-focused regulations intersect for certain transactions.

We will give you the low-down on the regulations you need to be aware of, including:
• Reg B (Equal Credit Opportunity Act): Intent to apply jointly, spousal signatures, collecting demographic information, adverse action notifications, and the ECOA Valuations Rule concerning appraisals.
• Fair Lending principles and recent rulemaking under development around lending to women-owned and minority-owned businesses
• HMDA: What’s reportable, and the data you will report for commercial loans that are dwelling secured.
• Fair Credit Reporting Act: Permissible purpose for obtaining a consumer credit report and when FCRA applies in taking an adverse action on a commercial loan application
• Flood Insurance Rules, including calculating required coverage when there are multiple properties or structures
• Overview of protections under the Servicemembers Civil Relief Act and when they apply in a commercial loan transaction.
• Flood insurance calculation worksheets
• Sample Commercial Loan Application

2022 Speaker

Lisa Zigo
Co-Founder, President & CEO, Sterling Compliance LLC