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Consumer Lending School

Consumer Lending School

 

School Overview

This two-day course is designed to prepare lenders to meet two primary challenges. The first challenge is to originate loans to qualified consumer, residential and business borrowers and minimize collection problems and loan losses.  The second challenge is to be in complete compliance at all times with ever-changing fair lending regulations.

Make your attendance count towards your continuing professional education credits! The MBA will provide a certificate of attendance that you may submit to the appropriate advisory board.

Topics

Day 1:
  • Define consumer lending
  • Review consumer, personal, and Household Loan purposes
  • Discuss the concept of gathering “complete” information from applicants
  • Evaluating the applicant credit information
  • Making the “best” loan decision
  • Review the basics of consumer loan documentation
  • Discuss consumer loan collection issues
  • Review the following federal and state regulations:
    • Equal Credit Opportunity Act/Regulation B
    • Regulation P (Privacy)
    • Truth-in-Lending Act/Regulation Z
    • Home Owner Equity Protection Act
    • Fair Credit Reporting Act
    • USA PATRIOT Act/CIP requirements

Day 2:
  • Review basic residential loan products
  • Using the uniform residential loan application
  • Evaluating residential loan application information
  • Surveys, title commitments and final title policies
  • Basic appraisal and evaluation compliance requirements
  • Federal lending regulations to include:
    • Equal Credit Opportunity Act/Regulation B
    • The Fair Housing Act
    • Truth-in-Lending/RESPA
    • Home Mortgage Disclosure Act
    • Flood Disaster Protection Act

Who Should Participate

Community bankers and lenders who participate in their bank’s loan origination process. Newly appointed loan officers and members of the bank’s credit administration and loan processing areas will especially benefit.

Presenter

John Cochran has served in various management and lending positions such as Compliance and Loan Review Officer, Consumer and Commercial Lender, Senior Lender and President and CEO of a community bank. John currently has his own consulting firm of John Cochran & Associates and devotes full time to developing and leading lending seminars, conducting in-bank training and providing consulting and loan review searches for community banks.

Registration Fee (This fee includes materials, lunch and refreshments) IT DOES NOT INCLUDE HOUSING)

Member: $525.00
Each additional person from same bank $425.00 
Qualified Non-Member $1,150.00

Note:  You will be given the option to pay by credit card or to invoice your company during the checkout process.

Dates & Times

May 5 & 6, 2020
Check in: 8:30 AM
Program: 9:00 AM - 4:00 PM

Location

Minnesota Bankers Association
8050 Washington Avenue South
Eden Prairie, MN  55344
Click here for directions

Lodging

Lodging arrangements can be made at: Hyatt Place, Eden Prairie. Click here to make an online reservation, or call 952-944-9700 - dial “0” for the front desk, (Ask for the Minnesota Bankers Association rate of $148.00, plus tax)

Cancellation Policy

The MBA reserves the right to cancel programs due to insufficient enrollment, instructor illness, or other reasons. Participants wishing to cancel must inform the MBA in writing prior to the event. Send cancellation notices to maryh@minnbankers.com. A cancellation fee of 25% of the program cost will be charged for withdrawing, or you may send a substitute. The full program fee will be charged for withdrawing after the event has taken place or a no-show. 

Special Needs

If you have a disability that may affect your participation in this program - or any dietary issues - please send a statement regarding any special needs to maryh@minnbankers.com at least two weeks prior to the program. We will contact you to discuss accommodations.
When
5/5/2020 9:00 AM - 5/6/2020 4:00 PM
Where
Minnesota Bankers Association 8050 Washington Avenue South Eden Prairie, MN 55344

Please note that you must be logged in to register online

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