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FACT Act 311 Risk Based Pricing Compliance Checklist*

Type: Phone/Webcast
Date: 08/27/2010 thru 08/27/2010
Location: Your Office, 10-11:30 CT,
Event Contact: awhitaker@kybanks.com 		Brochure

The final section of FACT Act compliance guidelines/rules will be implemented on January 1, 2011. After reviewing this section you will understand why the Agencies saved this for last. As usual, you will need written policies, but this time they added several options on how to determine when and what model notice you must send in order to comply with the risk-based pricing regulations. This webinar will include a checklist to help you implement these guidelines and determine which method (tier or proxy) is best for your bank. You will also be provided with definitions, rules, regulations, and examples of the Model Notices you are required to provide to the consumers that receive "…materially less favorable than the most favorable terms available."

HIGHLIGHTS
  • Which is best for your bank: the credit-score proxy method or the tiered-pricing method?
  • Review each of these methods and exceptions to the rule
  • The new and improved notice to home loan borrowers (secured by 1-4 units of real estate)
  • Using multiple credit scores and consumer disclosures
  • What must be done if the credit score is not available?
  • Auto lending notice requirements
  • Prescreened list notification requirements
  • Account review and consumer notifications
  • Rules regarding multi-party transactions
  • Examples of model notices - How soon must they be sent and does it have to be in writing?

    WHO SHOULD ATTEND
    This informative session is designed for board members, officers, auditors, compliance, and lending personnel.

    TO REGISTER
    Online registration is available below. We encourage you to use the online system, but if you prefer paper,     click here for a printable program brochure with registration form.

    ABOUT THE PRESENTER
    Greg Souther is President of Greg Souther Consulting & Seminars, a firm that provides training and consulting to businesses in the areas of Service & Communication; Credit & Collections; Fraud & Security; and Marketing & Sales. Previously, Greg was co-owner and President of The Credit Bureaus of Southeast Georgia, the parent company for six credit reporting and collection agencies based in Brunswick, Georgia.

    Also, Greg is a former President of Associated Credit Bureaus of Georgia; a former President of Georgia Collectors Association; a former Dean, Trustee, and Instructor of Southern Management Institute; and previously a Certified Instructor for American Collectors Association, Inc. With over 25 years of training and speaking experience, Greg shares practical, "how to" advice that everyone can easily understand and use in their daily work environment.

    WHAT IS A WEBINAR/ON-DEMAND WEB LINK
    The LIVE WEBINAR allows 1 phone connection and 1 Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. Registrants will receive a toll-free number and pass code allowing entrance to the webinar. The session will be approximately 90 minutes in length, including question and answer sessions. The pin number, hookup instructions and handouts will be emailed 3-5 business days prior to the webinar. Registrants will need the most current version of Adobe Acrobat Reader, which is available free at www.adobe.com.

    The ON-DEMAND WEB LINK is a recording of the live webinar, including audio, visuals and handouts. The presenter's email address is also provided for follow-up questions. Within 5 business days, following the webinar, registrants will be provided with a web link that can be viewed anytime 24/7 for 6 months (the link will expire 6 months after the live program date). AS AN ADDED BONUS, registrants will also receive a FREE CD. The CD includes the original audio/visual presentation, question and answer sessions and handouts. CD for PC use only.

    e-Events : Event Registration Detail
    Event Location
    Your Office, 10-11:30 CT

    • Registration Fees
    KBA Live Webinar & Written Materials $255
    KBA On-Demand Web Link (Plus FREE CD) $275
    Non-Member Pricing

    		 


     
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