Ethical and Legal Considerations

Outline

1. Ethical
   and Legal Considerations
   1. National Association of Mortgage Brokers Code of Ethics
   2. Ethics in Advertising
2. Discrimination
   1. Protected Classes
   2. Prohibited Practices
   3. Other Types of Discrimination
3. Disclosure
   and Privacy
   1. Truth in Lending Act (Regulation Z)
   2. TRID Disclosures

Learning Objectives

1.       Understand Ethics and the purpose of codes of
   ethics
2.       Understand how business ethics applies to
   mortgage origination.
3.       Learn how
   to identify ethical situations.
4.       Identify the various anti-discrimination laws
5.       Know the federal laws and the “disclosure
   obligations” they impose
6.       Understand the Indicators of mortgage fraud
7.       Define participants and their roles in
   mortgage fraud schemes
8.       Understand predatory lending practices.
9.       Understand the meaning of Business Ethics.

Teaching
Methods:  

PowerPoints, Video PowerPoint
Presentation and Optional Quiz

Mortgage Fraud and Predatory Lending

OutlineEthics and Mortgage FraudFraud and ConspiraciesFraud for ProfitHousing FraudRed Flags of Mortgage FraudTransaction FraudFraud Participants Appraisal IndependenceFlippingOther Types of Mortgage FraudPenalties for Mortgage FraudExcessive FeesCommon Predatory Lending Ploys Predatory LendingExcessive FeesCommon Predatory Lending PloysIndicators of Predatory LendingAnti-Predatory Lending LawsConsumer Protection for High Cost LoansLearning Objectives       Understand the meaning of fraud …

January 27, 2019

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