Description
Learn major aspects of ECOA/Reg B from application taking through underwriting and evaluations, to notice and record-keeping requirements. Discover basic requirements of the Fair Housing Act, and rules for furnishing of credit information, record retention, collecting government monitoring information, providing appraisal reports, and conducting self-testing.
What You’ll Learn
After completing this course, students will be able to:
- Describe the purpose of the ECOA and the Fair Housing Act, and define key terms used in each
- Identify Regulation B rules relating to the application process, from taking applications to notification of action taken
- Describe Regulation B rules relating to the furnishing of credit information, record retention, collecting government monitoring information, providing appraisal reports, and conducting self-testing
