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August 14, 2019

Mortgage rules, military lending at Reg Compliance School

NAFCU's Regulatory Compliance School continues today with sessions focused on various lending issues related to mortgages, servicemembers, discrimination and more. Those working to become a NAFCU Certified Compliance Officer (NCCO) will also take the second of four exams to earn the prestigious designation.

This morning's sessions will provide an in-depth review of Regulation Z, including the differences between open- and closed-end lines of credit, change in terms and disclosure requirements, the Truth in Lending Act (TILA)/Real Estate Settlement Procedures Act (RESPA) integrated disclosures rule (TRID) and other special mortgage rules.

In the afternoon, sessions will focus on fair lending and the Fair Credit Reporting Act to help credit union compliance professionals ensure lending programs are not discriminatory and consumers' credit information is accurate. In addition, attendees will learn the basics of laws that govern lending to servicemembers.

The NCCO program –  which earned ASAE's 2017 Power of A Gold Award for its longevity, quality and success – equips compliance professionals with the knowledge needed to successfully manage risk and follow all applicable laws and regulations. NCCO study sessions are held at the end of each conference day to prepare attendees for the next day's exam.

Stay tuned to NAFCU Today for conference updates, and follow on Twitter with #ComplianceSchool. Regulatory Compliance School runs through Friday; see the full agenda.