Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) in 2022
Unfair, Deceptive, or Abusive Acts or Practices (UDAAP)
According to the CFPB’s Bulletin 2013-07 “UDAAP’s can cause significant financial injury to consumers, erode consumer confidence, and undermine fair competition in the financial marketplace”
This course covers the prohibitions listed un UDAAPS and should be used by Mortgage Lenders, Mortgage Brokers, and Depositories as part of their normal training regimen in compliance with the TILA rules relating to training of all staff members. This course is about 15 minutes long and students who complete the course are provided a completion certificate for their records after passing a short assessment that acknowledges their understanding of the content being presented.
This course is also part of our Compliance Pack of Courses for companies needing a full compliance training solution.