Presenter: Bill Elliott, Young & Associates
Every bank wants to grow – but there are compensation rules within the Real Estate Settlement Procedures Act (Regulation X) and Truth in Lending (Regulation Z) which limit what you can and cannot do. Violation of either regulation can result in significant penalties. And not adequately thinking through the process could also create Equal Credit Opportunity Act (Regulation B) issues for the bank. However, it is possible to grow the bank and stay within the regulatory framework – it just takes some planning. This program is designed to help you accomplish that goal.
This program will address:
- The RESPA Requirements – Section 8 violations and how to avoid them
- Compensating your mortgage lenders within the Regulation Z limitations
- Compensating other lender types
- Assuring the decisions you make do not create a fair lending nightmare – sometimes “one size” does NOT fit “all”
Target Audience: This program addresses the real management issues involved in the creation and maintenance of compensation programs, and is designed for senior management, loan managers, and human resources professional.