Safe-7HR-CE-19 Module 3
- 1. Module 3: Other Federal Laws Pertaining to Loan Origination Activities
- 2. Module 3: Other Federal Laws Pertaining to Loan Origination Activities 3.1 Laws Pertaining to Consumer Privacy Gramm-Leach-Bliley Act (GLB) Privacy Rule (Regulation P) Privacy Notices Prohibition Against Disclosing Account Numbers Safeguard Rule Pretexting - Fraudulent Access to Financial Information
- 3. Module 3: Other Federal Laws Pertaining to Loan Origination Activities 3.1 Laws Pertaining to Consumer Privacy Do-Not-Call / Telemarketing Telephone Consumer Protection Act Do-Not-Call Registry Do-Not-Call Rules Unsolicited Commercial Faxes Telemarketing and Consumer Fraud Abuse Prevention Act FTC’s Telemarketing Sales Rule Who Must Comply with the TSR? Requirements for Sellers and Telemarketers
- 4. Module 3: Other Federal Laws Pertaining to Loan Origination Activities 3.2 Laws Pertaining to Fair Lending Home Mortgage Disclosure Act (HMDA) Regulation C HMDA Rule Amends Reg. C Covered Institutions Covered Transactions Reportable Loan-Level Data Collection and Reporting of Applicant Information Enforcement Provisions Mortgage Acts and Practices – Advertising, 12 CFR Part 1014 (Regulation N) Prohibited Representations Recordkeeping Requirements
- 5. Module 3: Other Federal Laws Pertaining to Loan Origination Activities 3.3 Laws Pertaining to Fraud & Identity Theft Fair Credit Reporting Act / Fair and Accurate Credit Transactions Act Permissible Purposes of Consumer Reports Consumer Access Consumers’ Rights Identity Theft Prevention Section 114 of FACTA – Red Flag Rules Categories of Red Flags
- 6. Module 3: Other Federal Laws Pertaining to Loan Origination Activities 3.3 Laws Pertaining to Fraud & Identity Theft E-Signature Laws—UETA and E-SIGN Uniform Electronic Transactions Act (UETA) Electronic Signatures in Global and National Commerce Act (E-Sign) What is an e-Signature? Intent to Sign Signature Associated with the Record Bank Secrecy Act/Anti-Money Laundering (BSA/AML) USA PATRIOT Act Lending Institutions Covered by Title III of the Patriot Act Anti-Money Laundering Programs for Loan Companies