Equal Credit Opportunity Act
Laws Prohibiting Discrimination
Equal Credit Opportunity Act
(ECOA)
ECOA
Requirements
Enforcement
Disclosures
Fair Housing Act
Fair
Housing Act Exemptions
Fair
Housing Violations
Discrimination
in Mortgage Lending
Discriminatory
Practices
Enforcement
Home Mortgage Disclosure Act (HMDA)
Reg C
Covered
Properties
Data
Reporting
Home Ownership and Equity
Protection Act (HOEPA)
High
Cost Loan Triggers
Prohibited
Practices
Required
Disclosures
Homeowners Protection Act (HPA)
Disclosure
Provisions of the HPA
Gramm-Leach-Bliley Act (GLB Act)
Financial
Privacy Rule
Safeguards
Rule
E-Sign Act
Disclosure
Provisions
Patriot Act
Disclosure
Provisions
Fair and Accurate Credit
Transaction Act (FACT Act)
Provisions
of the FACT Act
Red
Flags Rules
The National Do Not Call Registry
Established
Business Relationship
Home Valuation Code of Conduct
2008
HVCC
– Appraiser Independence
Learning Objectives
- Understand the purposes of Regulation B.
- Understand the governing body for the ECOA.
- Understand the timing of required disclosures.
- Understand the record retention requirements
for the ECOA. - Understand Regulation B amendments referencing
appraisal requirements. - Understand what loan originators/lenders can
and cannot do during the application process. - Understand penalty amounts imposed under
Regulation B. - Understand the relationship between the ECOA
and Fair Credit Reporting Act. - Understand the purpose of the Fair Credit
Reporting Act. - Understand the relationship between the Fair
Credit Reporting Act and Equal Opportunity Act as it relates to borrower
notification of adverse actions. - Understand the purpose of the
Gramm-Leach-Bliley Act.
Teaching Methods:
Power Points, Video PowerPoint Presentation and Quiz