Fair Lending – Regulations, Risk, Measurement, and Assessment
2 Hour SAFE CE Fair Lending 2015 Syllabus
-
Upload
praedoinstitute -
Category
Documents
-
view
5 -
download
0
Transcript of 2 Hour SAFE CE Fair Lending 2015 Syllabus
-
2 Hour SAFE Fair Lending 2015 Course Syllabus
Welcome to our SAFE Fair Lending Course for 2015. We are excited to assist you in furthering
your mortgage career and are pleased you chose Praedo Institute to satisfy your continuing
education requirements.
Course Purpose
This course is approved as two hours of elective CE credit. This course does not contain any
state-specific continuing education.
Course Description
Our Fair Lending course covers the following topics: the Fair Housing Act, the Equal Credit
Opportunity Act, and the Home Mortgage Disclosure Act.
Course Dates and Times
This course is offered for the 2015 license renewal period. In order to ensure proper reporting
to NMLS before all mortgage loan originator licenses expire on December 31, 2015, this course
must be completed by December 21, 2015.
Course Objectives
Upon completing this course, you should be able to do the following:
Explain why fair lending is an important compliance issue for mortgage companies;
Understand the federal laws related to fair lending;
Apply lessons learned in fair lending cases to your mortgage practice; and
Analyze situations and properly evaluate them in the context of fair lending compliance.
Grading Policy
The course consists of slides mixed with comprehension questions. Each chapter includes a
chapter quiz. At the end of the second chapter, you will be required to take and pass a
comprehensive final exam. This course is timed as a two hour course. You must answer all of
the comprehension questions correctly and score 80 percent on all quizzes and tests to receive
credit for the course. You may retake course quiz questions until you pass, but you are allowed
only 10 retakes of the course final.
-
Course Policies
Each student is required to submit an Identity Affidavit. By confirming the attestation, the
student certifies that the course work was or will be completed by the person for whom the
certificate will be issued. The student further certifies that they did or will not receive any
assistance in completing the course. The submission of a completion certificate for a course
they did not complete themselves may constitute fraud on the students part and is subject to
prosecution and/or discipline.
Technical Support
As our course is entirely online, we do offer live technical support via telephone, email, and
chat from 8:30am to 5:00pm Mountain Time on regular business days. After hours, holiday,
and weekend support is available 365 days a year via email from 9:00am to 10:00pm Mountain
Time. Our mailing address is 42 North, 200 East, Ste. 3, American Fork, UT 84003. Our
telephone number is 801-492-9933 and our support email is [email protected].
Using our System
Once you purchase the course and are logged into our system, you should see a link to the
course on your home page. This link will launch the course. Please carefully review the
introduction module for instructions on using our online system.
Course Outline
This course consists of two chapters, covering the following subjects: the Fair Housing Act, the
Equal Credit Opportunity Act, and the Home Mortgage Disclosure Act.
Fair Lending 2015
Introduction: This module will introduce you to our system. Adherence to the advice and
instructions offered in this module will greatly improve your online education experience.
Fair Lending Chapter 1: Chapter One reviews fair lending. It consists of the following sections:
Why do we care about Fair Lending
Department of Justice
Consumer Financial Protection Bureau
Fair Housing Act
Equal Credit Opportunity Act
Types of Discrimination
Fair Lending Chapter 2: Chapter Two reviews the Home Mortgage Disclosure Act. It consists of
the following sections:
-
HMDA
HMDA Case Study
HMDA Data
Tips for Compliance
Case Study #1
Case Study #2
Case Study #3
Recent Cases
Fair Lending Course Final: 15 question final exam covering all of the material discussed in the
course.
Course Evaluation: Students will be allowed to give feedback regarding the course.
Course Schedule
This course consists of the two chapters outlined below. The requirements for each chapter are
listed with the approximate time needed to complete each learning module. This course meets
the minimum time requirement of 50 seat minutes for each clock hour the course is approved.
This course is approved as a two hour course and must be completed in its entirety in order for
you to receive credit.
Good Luck
Once again, thank you for choosing Praedo Institute. Your success is extremely important to us.
Please let us know if we can be of assistance at any time. Enjoy the course!
-
Course Outline and Schedule
Module Reading Assignments Due Instruction Time
Allocation (Minutes)
Introduction System instructions Attestation 5
Chapter 1 Why do we care about
Fair Lending Quiz Question 5
Chapter 1 Department of Justice Quiz Questions 5
Chapter 1 Consumer Financial Protection Bureau
Quiz Question 5
Chapter 1 Fair Housing Act Quiz Questions 9
Chapter 1 Equal Credit
Opportunity Act Quiz Questions 11
Chapter 1 Types of
Discrimination Quiz Questions 13
Chapter 2 HMDA Quiz Question 5
Chapter 2 HMDA Case Study Quiz Questions 5
Chapter 2 HMDA Data Quiz Questions 3
Chapter 2 Tips for Compliance Quiz Questions 3
Chapter 2 Case Study #1 Quiz Questions 10
Chapter 2 Case Study #2 Quiz Questions 8
Chapter 2 Case Study #3 Quiz Questions 10
Chapter 2 Recent Cases Quiz Question 8
Comprehensive Course Final
N/A Complete Course
Final 10
Course Evaluation N/A Evaluation 5
Total Course Time 120