Outline Ethical and Legal Considerations National Association of Mortgage Brokers Code of Ethics Ethics in Advertising Discrimination Protected Classes Prohibited Practices Other Types of Discrimination Disclosure and Privacy Truth in Lending Act (Regulation Z) TRID Disclosures Learning Objectives       Understand Ethics and the purpose of codes of ethics       Understand how business ethics applies to mortgage origination.       Learn how to identify ethical situations.       Identify the various anti-discrimination laws   …

Outline Ethics and RESPA Real Estate Settlement Procedures Act (RESPA) Section 8 Kickback Prohibition  Ethics and Protection of Data Gramm-Leach-Bliley Act Fair Credit Reporting Act and the FACT Act Learning Objectives       Understand the requirements about RESPA       Know about Ethics and the protection of data       Understand how ethics is related to Fair Credit Reporting  Teaching Methods:   PowerPoints, Video PowerPoint Presentation and Optional Quiz

Outline Ethics and Mortgage Fraud Fraud and Conspiracies Fraud for Profit Housing Fraud Red Flags of Mortgage Fraud Transaction Fraud Fraud Participants  Appraisal Independence Flipping Other Types of Mortgage Fraud Penalties for Mortgage Fraud Excessive Fees Common Predatory Lending Ploys  Predatory Lending Excessive Fees Common Predatory Lending Ploys Indicators of Predatory Lending Anti-Predatory Lending Laws Consumer Protection for High Cost Loans Learning Objectives       Understand the meaning of fraud       Understand the different …