Small Business Lending Rule (1071) – Practical Application

This Small Business Lending Rule (1071) – Practical Application online training course is designed for employees responsible for commercial lending and support staff. The Small Business Lending Rule (Section 1071 of the Dodd Frank Act) requires financial institutions collect and report to the CFPB certain data regarding applications for credit for women-owned, minority-owned, and small businesses. This course will provide you with the information you need to know as a commercial lender or commercial loan support staff to comply with the new requirements.
SKU: P4928EN
$40.00
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This Small Business Lending Rule (1071) – Practical Application online training course explores the new subpart B to regulation B in order to comply with the Small Business Data Collection requirements. Commercial lenders and support staff play an integral part of complying with these new requirements and must learn what may be required of them based on their financial institution’s policies and procedures.

Course Learning Objectives

By taking this online Small Business Lending Rule (1071) – Practical Application course, the user will learn:

  • Which credit applications require data collection and reporting
  • How to determine an applicant’s gross annual revenue
  • How to provide the appropriate disclosures to applicants
  • The firewall requirements of the new rules

Course Outline

This online Small Business Lending Rule (1071) – Practical Application course is made up of the following sections:

  1. Covered Transactions and Applications
  2. Data Points
  3. Data Collection and Disclosures
  4. Firewall

Course Audience

This Small Business Lending Rule (1071) – Practical Application online training course was designed for employees responsible for commercial lending and support staff employees.

If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.

 

 

Course Language English
Length Range 31 - 60 Minutes
Length (Hours) 0.75
Course Features Accessible, Video, Audio, Mobile
Module Number(s) 41845EN