Military Lending Act & SCRA: Compliance & Lessons Learned

Military Lending Act & SCRA:  Compliance & Lessons Learned

Military Lending Act & SCRA: 
Compliance & Lessons Learned
Wednesday, May 29, 2019
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.  

Highlights:

  • 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 servicemember
  • MLA loan product restrictions and limitations 

Take-Away Toolkit:

    o Quick reference chart comparing SCRA and MLA compliance requirements 
    o Employee training log
    o 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.

Speaker

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. 

Attendance verification for CE credits provided upon request.

Webinar Sponsored by Financial Education & Development

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.

Registration Options
Live Webinar: Register for the live event and get five days access to the On Demand Playback. You’ll have an opportunity to ask questions during the presentation and be free to review the content for the next 5 (business) days Registration also includes links to presenter materials, handouts, and pdfs.
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.

Live Webinar: Register for the live event and get five days access to the On Demand Playback. You’ll have an opportunity to ask questions during the presentation and be free to review the content for the next 5 (business) days Registration also includes links to presenter materials, handouts, and pdfs.
Additional Hookups: Registering another banker from a different location
Live Webinar + On-Demand Link : Both live webinar & recorded webinar + free digital download 

When
5/29/2019

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