Congress has passed a number of acts ensuring that banks distribute credit fairly. Although not required by any one regulation, examiners are requiring certain bank personnel to receive annual fair lending training. This course discusses the specific regulations that pertain to fair lending laws and practices. This course is intended for all lending personnel, management, and directors. Course length ≈ 45 minutes.

Learning Objectives:

• The Fair Housing Act (FHA)
• The Equal Credit Opportunity Act (ECOA)
• The Home Mortgage Disclosure Act (HMDA)
• The Community Reinvestment Act (CRA)

• The Fair Housing Act (FHA)
• Coverage
• Enforcement
• Prospective and retrospective relief
• Record retention
• Advertising requirements
• FDIC monitoring
• Common concerns
• The Equal Credit Opportunity Act (ECOA)
• Discriminatory actions
• Types of lending discrimination
• Reg. B purpose
• Relation to state laws
• Record retention
• Information for monitoring purposes
• Notifications
• The Home Mortgage Disclosure Act (HMDA)
• Requirements
• HMDA-LAR required contents
• HMDA-LAR required data
• Non-compliance
• Reporting
• Public disclosure
• The Community Reinvestment Act
• Evaluations
• Non-compliance
• Assessment area delineation

CPE(s): 1.0 Hours