Home Mortgage Disclosure Act (HMDA) for Compliance Professionals
Course Number: ABA
Course Code: ABA
Explains how to distinguish which institutions and transactions are covered by HMDA requirements and how to avoid the assessment of civil money penalties. Explores how to accurately complete a Loan Application Register (LAR) and the importance of management involvement in this process.
What You’ll Learn
After completing this course, students will be able to:
- Whether an institution is covered by HMDA or not
- Which transactions are subject to HMDA
- How to properly complete a Loan Application Register (LAR)
- Additional disclosure and reporting requirements of HMDA
- Importance of management?s involvement
Audience: Compliance professionals including compliance managers, officers, and other compliance team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, auditors and lending compliance professionals
Prerequisites: None
