Collecting Government Monitoring Information (GMI) Under Regulation B

Wednesday, June 17, 2020 
11:00 am – 12:00 pm Eastern

On July 1, 2020, the HMDA threshold for closed-end loans will increase from the 25 to 100. This means if you originated less than 100 closed-end loans in either of the prior two years (2019 or 2018), you will no longer need to report closed-end loans for HMDA. This doesn’t mean; however, that you can just stop doing what you’re doing.

The July 1, 2020, changes to the HMDA closed-end coverage is good news for some institutions. It means you will no longer be subject to HMDA data collection and reporting for closed-end loans. Even if you are no longer subject to HMDA reporting; however, you ARE still subject to Regulation B. This means you will no longer collect race, sex and ethnicity information on all dwelling-secured applications for loans (and/or lines) for home purchase, home improvement, refinance or consumer home equity but you WILL need to collect it on credit applications primarily for the purchase or refinancing of an applicant’s primary residence and secured by that 1-4 family dwelling. Thus, your lenders will need training prior to this change.

Topics Covered:

• I’m Not a HMDA Bank Anymore, Now What?
• Making the Transition
• What Transactions Require GMI Collection?
• Collection Rules (More Complex Than You Think)
• Collection Forms
• Fair Housing Logs
• Best Practices & Much More!

Who Should Attend?   

Loan officers, loan processors, compliance, audit and other loan operations personnel.

Instructor

David Dickinson

David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.

He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the Center for Financial Training, the American Bankers Association National Compliance Schools and is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.

David and his wife Karen have 3 adult children and 2 grandsons (none of whom live at home!) and 3 cats (of which Dave is allergic … the cats, not the children!). They live on a lake in Nebraska and when possible, he can be found fishing or making sawdust in his shop. David plays the guitar & piano and enjoys singing with Karen. They occasionally lead worship at their church.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by Total Training Solutions

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