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

FACTA would probably be the largest change I can think of.

Don't forget all of the HMDA changes (2004) and also Section 326 of the Patriot Act (2003)

Reg B joint intent changes were effective in April, 2004.

Reg B changes in April 2004 (or was it 2003?)

For a loan officer, I would also re-educate/stress Supervisory Loan-to-Value and Financial Privacy

BSA requirement to do SARs--applicable to loan officers for loan fraud (fake income documentation, understatement of liabilities, false statemenet about loan purpose, etc.)