Best-Ever Compliance Checklists for Commercial Loans
Course Number: Webinar
Course Code: n/a
We tend to think of business and agricultural loans as exempt from troublesome compliance requirements. But several compliance-related laws apply to commercial loans as well as consumer loans.
This colorful checklist, patterned after the popular Best-Ever Consumer Checklists, will guide bankers through those traps and ensure compliance. In addition to addressing compliance issues, this checklist (and the accompanying handout) will provide “best practice” suggestions and reminders that commonly apply to commercial loans. We’ll include information on business-entity documentation, underwriting documents, guarantors and security interests.
-HMDA requirements (updated for the 2018 requirements)
-Customer identification (CIP)
-Environmental risk analysis
-Reg B rules
Providing copies of appraisals
Documenting intent to apply for joint credit
-Flood insurance requirements
Audience: Lenders, loan processors, compliance officers and loan review personnel.