Consumer Closed-End Loan Files: Performing a Compliance Audit

Presented by:
Patricia Cashman

VIEW A 10 MINUTE SAMPLE
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• Complete presentation (including slides and audio)
• Written Materials
• Follow-up Q & A

You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment. An auditor must understand which sections of which regulations are applicable, to effectively perform a compliance audit of a consumer closed-end loan (non-real estate). Determining the source of errors and violations can assist your institution in effecting prompt and appropriate corrective action.


Whether you are an internal auditor or an outsource vendor, this program will help you to identify deviations from laws, regulations and the institution's policies, document your procedures, and report the findings to management.

This session will assist you in:

Developing or adapting workpapers that adequately document the audit work performed and support the audit reports;

Reviewing the files for applications, initial disclosures, and closing documents; and

Preparation of written conclusion summaries, recommendations for corrective action and communications of your findings to management.

Regulations covered:

Regulation B - Equal Credit Opportunity Act (ECOA)

Regulation Z - Truth in Lending Act (TILA)

Regulation P - Privacy of Consumer Financial Information

Bank Sales of Insurance

Bank Secrecy Act (BSA) - Customer Identification Program (CIP)

Fair Credit Reporting Act

Service Members Civil Relief Act (SCRA)

Who should attend? This session is designed for:

New compliance auditors who want to fully understand the why and how of the consumer loan audit;

Experienced compliance auditors who wants to revise or refresh their work program;

Loan department managers who want to know what the auditors and examiners will be testing and how to properly document for compliance issues;

About the speaker: Patricia Cashman
Patricia Cashman, CRCM, owner of Cashman Compliance Solutions, began her banking career in 1969. She has been the senior operations officer for three Dallas-Ft. Worth area community banks, an assistant examiner for the Texas Department of Banking and managed the compliance/internal audit division of TIB - The Independent BankersBank, one of the largest bankers' banks in the country.

Additionally, she has spoken as a webcast/teleconference presenter for ABA, taught a variety of compliance subjects for the Texas Bankers Association (TBA) at their Annual Compliance School, provides compliance seminars for the Center for Financial training (CFT, formerly AIB) and been a speaker/trainer for numerous banks, banking and compliance organizations throughout Texas and New Mexico.