Community Bankers for Compliance Program, Session 4 - Stevens Point

$375 Tuesday, October 15, 2019 9:00 AM 1001 Amber Avenue, Stevens Point, WI 54482 Register

Policies / APRWIN / Responding to Audit Findings / Lending Errors

Our presentation will begin with a discussion and a listing of compliance related policies that a bank should consider having, and those that banks are required to have. We will discuss the regulations involved, the general regulatory requirements, policy issues that should be included, and similar information. This was a suggestion made by CBC members last fall, and, as promised last quarter, we will cover it in this session.

The balance of the day also was suggested by CBC members. It will involve real world compliance situations. “The examiners/auditors/consultants found a violation. What do we do now?” Included will be consumer loans, mortgage loans, construction loans, and HELOCs. As part of the presentation, we will discuss how to use APRWIN to avoid some errors in the first place, and to correct errors, when that becomes necessary.

As the basis for the errors that will be discussed, we will focus on issues that regulators have mentioned in their various publications over the last couple of years. Other errors will be based on audit findings we have seen in various institutions, our audit findings over the years, hotline questions, and other sources. Drawing on these multiple sources will allow the case studies to be relevant to all attendees.

We will begin with a discussion of the basics of APRWIN. We will discuss errors that involve finance charge and APR issues, but our discussion will include many other errors as well. We will discuss other Regulation Z errors, TRID errors, flood errors, RESPA errors, and other errors that can or have occurred. We will not be discussing Regulation B errors – that is a subject for another time. Be prepared to share ideas and/or opinions in a group setting.

The subjects for the regulatory update will be determined by circumstances and releases from the various agencies.

Who Should Attend?

Compliance Officers and Auditors should attend this session.  In addition, all personnel with responsibilities for consumer, mortgage, or HELOC lending will find this session use, including senior management and others.

Presenter - Bill Elliott, CRCM, Senior Consultant and Manager of Compliance

With over 40 years of banking experience, Bill Elliott leads the compliance department at Young & Associates, Inc. where he conducts compliance reviews, leads compliance seminars, conducts in‐house training, and writes compliance articles and training materials. During his career as a banker, Bill spent 15 years as a compliance officer in a large community bank. He has also been a lender for consumer, commercial, and mortgage loans, and has managed a variety of bank departments including loan review, consumer/commercial loan processing, mortgage loan processing, loan and credit administration, collections, and commercial loan workout.

Session IV Agenda:

  • 8:30 a.m. - Registration Opens
  • 9:00 a.m. - Seminar Begins
    • Policies
      • Regulations that are a part of our world
      • Policies you should or must have
      • Examiner expectations
      • Real world issues
    • APRWIN
      • Using APRWIN for all closed end consumer loan types
    • Audit Findings / Lending Errors
      • A series of case studies to discuss the audit finding, the required actions, and how to respond to the audit finding after the “repair” (if there is one available) is complete. Consumer, Mortgage, HELOC, and Construction loans will be included.
  • Noon - Lunch
  • 12:45 p.m. - Seminar Continues
  • 4:00 p.m. – Adjournment

Registration Options:

CBC Program Members:

  • $0 - CBC Program Members
  • $125 - each additional representative (single session)

Individual CBC Seminar Session Fees:

  • $375 - 1st representative (single session)
  • $125 - each additional representative (single session)


Holiday Inn & Convention Center
1001 Amber Avenue, Stevens Point, WI

$375 Tuesday, October 15, 2019 9:00 AM 1001 Amber Avenue, Stevens Point, WI 54482 Register