Fair Lending Laws Compliance Course

This 40-minute course will provide mortgage loan originators with a comprehensive understanding of fair lending laws and the key concepts surrounding fair lending compliance. Participants will learn about the role of regulators in enforcing these laws, how regulatory examiners conduct examinations of financial institutions, and best practices for implementing and managing policies and procedures to maintain compliance in their lending practices. The course will empower MLOs to ensure fair and equitable treatment of all borrowers while adhering to federal and state fair lending regulations.

Topics Covered:

• The Origins and Purpose of Fair Lending Laws;
• How Are Fair Lending Laws Enforced;
• The Fair Housing Act;
• The Equal Credit Opportunity Act;
• Types Of Lending Discrimination;
• Warning Signs of Lending Discrimination;
• The Home Mortgage Disclosure Act;
• The Community Reinvestment Act;
• The Fair Credit Reporting Act;
• Navigating Current Fair Lending Law Challenges;