Education & Events

Military Lending Act & SCRA: Compliance & Lessons Learned

Date: 
May 29, 2019
Program Overview: 

May 29, 2019, 3:00 - 4:30 pm

An important fair lending component that is often overlooked is how to properly extend credit to active duty servicemembers.  Two federal laws govern these requirements: the Servicemember’s Civil Relief Act (SCRA) and the Military Lending Act (MLA).  This program will identify both the protections afforded to active duty servicemembers on existing loans under the SCRA, as well as the MLA’s compliance requirements for new loans made to active duty servicemembers. 

Topics: 
  • Maximum rate of interest on existing extensions of credit under the SCRA
  • Foreclosure protections under the SCRA and how these were affected by the Economic Growth, Regulatory Relief, and Consumer Protection Act
  • Enforcement actions against financial institutions for SCRA violations
  • How to properly calculate the Military Annual Percentage Rate (MAPR) under the MLA
  • Additional disclosure requirements for new credit extended to active duty servicemembers
  • MLA loan product restrictions and limitations

 

  • TAKE-AWAY TOOLKIT
    • Quick reference chart comparing SCRA and MLA compliance requirements
    • Employee training log
    • Quiz to measure staff learning and a separate answer key


      Speaker: 

      ABOUT THE PRESENTER – Michael Christians, JD, Michael Christians Consulting, LLC

      As principal of Michael Christians Consulting, LLC, Michael assists financial institutions across the country to ensure their compliance programs conform to federal laws and regulations.  He provides counsel on current rules, assists with regulatory implementation, and offers customized education and training.  Michael has over 20 years’ experience in the financial services industry and focuses on consumer compliance. He obtained a Juris Doctorate from Drake University Law School and was admitted to the Iowa State Bar in 2014.

      Agenda: 

      WHO SHOULD ATTEND 

      This informative session is designed specifically for lenders, underwriters, lending support staff, collectors, managers, and compliance officers.

      Fees: 

      MEMBER

      Live Webinar
          $255.00 Single Location
          $155.00 Each Additional Location

      Recorded Webinar & Free Digital Download
          $255.00

      Premiere Package (Live & Recorded Webinar with Free Digital Download)
          $375.00

      Association Contact: 

      If you have any questions or need additional information, please contact Marcy Borden at 317-387-9380 or mborden@indianabankers.org

      Cancellation Policy: 

      Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. If your bank is unable to participate after registering, you can select to purchase the on-demand presentation.

      Webinar Options: 

      1.  Live Webinar
      The LIVE WEBINAR option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone. Registrants receive a toll-free number & pass code that will allow entrance to the seminar. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast.  You will need the most current version of Adobe Reader available free at www.adobe.com.

      2.  Recorded Webinar & Free Digital Download
      Can’t attend the live webinar?  The recorded webinar & Free Digital web link is a recording of the live event, including audio, visuals, & handouts. We even provide the presenter’s email address so you may ask follow-up questions.  Approximately one week prior to the webinar, you will receive an email with the web link.  This web link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.  

      LIMITED AVAILABILITY:  The Recorded Webinar & Free Digital Download web link may ONLY be ordered for 6 months following the webinar.

      3.  Both Live Webinar & Recorded Webinar & Free Digital Download
      Includes options 1 and 2 above

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