Banking Law and Referrals

Course Number: ABA

Course Code: ABA

Explains the Interagency Consumer Protections in Sales of Insurance (ICP) rules on retail sales, solicitation, advertising, insurance products or annuities to consumers. Describes Regulation R that provides a framework for banks to refer customers to satisfy their banking demands. Describes the Loan Originator Compensation rules under Regulation Z that address limited circumstances under which a bank employee who is not a loan originator may make a referral.

What You’ll Learn

After completing this course, students will be able to:

  • Explain the purpose of the Interagency Policy Statement and when it applies.
  • Explain the Interagency Consumer Protections (ICP) rules impacting the referrals of customers for non-FDIC insured products.
  • Describe Regulation R exemptions that allow banks to pay bankers for referring customers.
  • Describe Regulation Z Loan Originator Compensation rules that specify the actions that only apply to loan originators.

Audience: Any bank personnel who make mortgage, investment, or insurance referrals to mortgage loan originators, or securities and/or insurance licensed persons or entities.

Prerequisites: None

Register Now

Member Price: $95.00
Non-Member Price: $130.00
Textbook Charge: $0.00



ABA Training