Speedier Lending with e-Disclosures

Presented by:
Andy Zavoina

This CD ROM will be available after November 28, 2009.

How can you get where you want to be, faster and with less cost? Think E-SIGN. Switching from paper to electronic delivery of disclosures, statements and other frequent communications can expedite your loan process and certainly will save you money. Countless millions of disclosures, statements and other official messages flow through the U. S. mail each month. By converting even a small percentage of these paper communications to e-delivery, your institution stands to save serious amounts of money and time.

Why aren't more financial institutions switching to e-delivery? Simple--compliance problems. Regulations B, X, and Z require that various disclosures must be "written." You can substitute electronic for paper, but only if you do so in conformity with the E-SIGN Act. Unless your institution's e-delivery system meets the difficult and confusing standards set by the federal E-SIGN Act, you may face enforcement actions and civil penalties. Plus, new e-disclosure requirements in Reg Z were mandatory last year.

This webinar will follow the loan disclosure process from beginning to end and map out how E-SIGN can align with the workflow, giving you all the information you need in order to plan for low risk e-delivery or to review e-delivery systems already in place.

We will cut through the rules to see what's mandatory, what's myth, and what's manageable, including:

E-SIGN and UETA

Court cases of interest and what they mean to you

Requirements of the lending regs and e-disclosure

How one law relates to another

We'll also explore business considerations such as:

Which disclosures require E-SIGN compliance, and which don't

How to select an e-delivery system: is "push" better than "pull"

How to promote e-delivery through effective pricing

How to obtain customer consent (that will hold up in court)

How to avoid violations leading to penalties and enforcement

Who should attend:

Marketing

Your online banking team (business and support staff)

Risk managers (compliance, audit, and legal staff)

Executive management and others concerned with cost savings

About the speaker:

Andy Zavoina Mr. Andy Zavoina, CRCM, is a consultant with the Glia Group, best known for its involvement with BankersOnline.com.

Andy has been in finance and banking for 22 years. Over 20 years were with a holding company with two Central Texas community banks that had $534 million in assets, 89 branches spanning Texas and nearly 500 ATMs. After starting in loan workouts, Mr. Zavoina has been a consumer, commercial and real estate lender and managed those departments as well as being the banks first Webmaster. He was responsible for compliance- management, -auditing, and -training for both banks.

Andy is a past Chairman of the American Bankers Association's Compliance Executive Committee. He was the 2003 recipient of the American Bankers Association's Distinguished Service Award for his involvement and accomplishments in the field of regulatory compliance management. He currently serves on the Editorial Advisory Board for the ABA's Compliance Magazine, Compliance Action magazine, is a member of the ABA's Compliance School Board and is a BankersOnline Guru. He also served on the Texas Bankers Association's Compliance Committee.

He is a graduate of the ABA National Commercial Lending School, National Compliance and National Graduate Compliance School and is a Certified Regulatory Compliance Manager with the Institute of Certified Bankers. He has written numerous articles and lectured on compliance, the use of the Internet and technology as a tool, as well as compliance in cyberspace to local, state and national associations. Internet policies and other compliance related programs are made available on his personal Web site.