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Product Description
The lenders use of AMCs is becoming more common. The problem is most lenders do not fully understand how an AMC operates and the massive legal issues they create for the lender. Federal regulators have extensive guidelines and laws that cover the use of an AMC. If a lender ignores these laws and guidelines they place their institution at great risk. This class will explain the applicable Federal laws, rules, regulations and guidelines that every banker and lender must know.
This class includes extensive handouts including the laws, Interagency Guidelines and audit instructions.
Course Objectives:
1. An understanding of the Federal laws, rules, regulations and guidelines applicable to interacting with an AMC
2. The major issues and failures of AMCs and how they will impact your institution
3. How every institution is responsible for the actions of the AMC employees.
4. Requirements when dealing with Third-parties
5. What, when, where and how often the lender must audit the third-party and AMC.
6. The AMCs failures are the lenders compliance issues
This class includes extensive handouts including the laws, Interagency Guidelines and audit instructions.
Course Objectives:
1. An understanding of the Federal laws, rules, regulations and guidelines applicable to interacting with an AMC
2. The major issues and failures of AMCs and how they will impact your institution
3. How every institution is responsible for the actions of the AMC employees.
4. Requirements when dealing with Third-parties
5. What, when, where and how often the lender must audit the third-party and AMC.
6. The AMCs failures are the lenders compliance issues
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