Military Lending Act & SCRA:
Compliance & Lessons Learned
Webinar OR Recorded Webinar + Free Digital Download
Wednesday, May 29, 2019
12:00 pm – 1:30 pm Pacific
1:00 pm – 2:30 pm Mountain
2:00 pm – 3:30 pm Central
3:00 pm – 4:30 pm Eastern
An important fair lending component that is often overlooked is how to properly extend credit to active duty servicemembers. Two federal laws govern these requirements: the Servicemember’s Civil Relief Act (SCRA) and the Military Lending Act (MLA). This program will identify both the protections afforded to active duty servicemembers on existing loans under the SCRA, as well as the MLA’s compliance requirements for new loans made to active duty servicemembers.
- Maximum rate of interest on existing extensions of credit under the SCRA
- Foreclosure protections under the SCRA and how these were affected by the Economic Growth, Regulatory Relief, and Consumer Protection Act
- Enforcement actions against financial institutions for SCRA violations
- How to properly calculate the Military Annual Percentage Rate (MAPR) under the MLA
- Additional disclosure requirements for new credit extended to active duty servicemembers
- MLA loan product restrictions and limitations
- TAKE-AWAY TOOLKIT
- Quick reference chart comparing SCRA and MLA compliance requirements
- Employee training log
- Quiz to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed specifically for lenders, underwriters, lending support staff, collectors, managers, and compliance officers.
Please note: The live webinar option allows you to have one internet connection (from a single computer terminal). You may have as many people as you like listen and watch from your office computer.
ABOUT THE PRESENTER – Michael Christians, JD, Michael Christians Consulting, LLC
As principal of Michael Christians Consulting, LLC, Michael assists financial institutions across the country to ensure their compliance programs conform to federal laws and regulations. He provides counsel on current rules, assists with regulatory implementation, and offers customized education and training. Michael has over 20 years’ experience in the financial services industry and focuses on consumer compliance. He obtained a Juris Doctorate from Drake University Law School and was admitted to the Iowa State Bar in 2014.
THREE REGISTRATION OPTIONS
Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
- LIVE WEBINAR
The live webinar option allows you to have one internet connection from a single computer terminal. You may have as many people as you like listen and watch from your office computer. Registrants receive a website address and passcode that allows entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed prior to the broadcast. You will need the most current version of Adobe Reader available free at www.adobe.com.
- RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 6 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.
The recorded webinar may ONLY be ordered for 6 months following the live webinar. In addition, the download must be completed within 6 months of the live webinar date.
- BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Options 1 and 2 described above.
AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE