Equal Credit Opportunity Act (ECOA) for Compliance Professionals

Course Number: ECOACP1

Course Code: OLV 036

Learn major aspects of ECOA/Reg B from application taking through underwriting and evaluations, to notice and record-keeping requirements. Discover basic requirements of the Fair Housing Act, and rules for furnishing of credit information, record retention, collecting government monitoring information, providing appraisal reports, and conducting self-testing.

Learning Objectives
After completing this course, students will be able to:
– Describe the purpose of the ECOA and the Fair Housing Act, and define key terms used in each
– Identify Regulation B rules relating to the application process, from taking applications to notification of action taken
– Describe Regulation B rules relating to the furnishing of credit information, record retention, collecting government monitoring information, providing appraisal reports, and conducting self-testing

Audience: Compliance professionals including compliance managers, officers, and other compliance team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, auditors and lending compliance professionals

Prerequisites: n/a

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