HMDA: A Summary of the New Final Rules

David Dickinson

David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.

He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the Center for Financial Training, the American Bankers Association National Compliance Schools and is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.

David and his wife Karen have 3 adult children and 2 grandsons (none of whom live at home!) and 3 cats (of which Dave is allergic … the cats, not the children!). They live on a lake in Nebraska and when possible, he can be found fishing or making sawdust in his shop. David plays the guitar & piano and enjoys singing with Karen. They occasionally lead worship at their church.

HMDA is known to be the most difﬁcult lending regulation to understand and with which to comply. Unfortunately, the error tolerances are as low as 5%, and many banks suffer Civil Money Penalties for submitting inaccurate HMDA data.

This webinar will focus on the current requirement, plus give you an overview of the coverage requirements effective 1/1/2017 and 1/1/2018. Your presenter is David Dickinson, 2016 recipient of the ABA Distinguished Service Award who has been teaching HMDA at the ABA's Compliance School for 15 years.

What You Will Learn:

A Summary of the New Final Rules - Effective 1/1/2017 and 1/1/2018
HMDA: What’s it all about? The background/purpose
Who HMDA applies to?
Which loans are and are not HMDA reportable
Common violations
Information gathering and reporting
What HMDA applies to?
What HMDA does not apply to? Lots of examples.
Proper completion of the LAR: 17 items that must be collected and completed for each entry
Temporary financing – clarification and examples to this confusing area
Refinancing – when it applies and when it does not
Pre-approvals vs. pre-qualifications
Pre-approval examples
Public notices
Resources, tools and quick reference guides

Who Should Attend?

All loan department personnel, compliance officers, and auditors

What You Will Learn:

Who Should Attend?

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