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#409644 - 08/17/05 05:20 PM New Rules or Regs
La. Lady Offline
Diamond Poster
La. Lady
Joined: May 2001
Posts: 1,873
Our bank just hired a new loan officer......He has been out of lending for the last 2 years......I have some things covered, but can any of you think of new rules or regs in the lending area over the last 2 years....just wondering if I am missing anything....

Thanks

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Lending Compliance
#409645 - 08/17/05 05:29 PM Re: New Rules or Regs
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,654
The Swamp
FACTA would probably be the largest change I can think of.
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#409646 - 08/17/05 05:49 PM Re: New Rules or Regs
renniks Offline
Diamond Poster
renniks
Joined: Sep 2003
Posts: 2,162
New England
Don't forget all of the HMDA changes (2004) and also Section 326 of the Patriot Act (2003)

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#409647 - 08/17/05 05:56 PM Re: New Rules or Regs
Bullseye Offline
Platinum Poster
Bullseye
Joined: Jan 2004
Posts: 968
Reg B joint intent changes were effective in April, 2004.

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#409648 - 08/17/05 05:56 PM Re: New Rules or Regs
Cowboys Fan Offline
Power Poster
Joined: Dec 2002
Posts: 4,600
SC
Reg B changes in April 2004 (or was it 2003?)
Last edited by Cowboy Fan; 08/17/05 05:57 PM.
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#409649 - 08/17/05 05:57 PM Re: New Rules or Regs
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
For a loan officer, I would also re-educate/stress Supervisory Loan-to-Value and Financial Privacy
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#409650 - 08/18/05 02:14 PM Re: New Rules or Regs
LoisLane Offline
Diamond Poster
LoisLane
Joined: Oct 2001
Posts: 1,570
Wisteria Lane..
BSA requirement to do SARs--applicable to loan officers for loan fraud (fake income documentation, understatement of liabilities, false statemenet about loan purpose, etc.)
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