Nov 15, 2022
During our fourth quarter presentation, we are going to discuss two diverse subjects. Member FDIC and ARM Loans.
Member FDIC: The FDIC has recently upgraded their regulation regarding the use of the term “Member FDIC” and other related subjects. We have not discussed this rule in the CBC for a long time. We will take a look at all requirements to assure that everyone has the information required to avoid any Member FDIC issues. Notably there are new changes coming up for 2024, which probably will not be significant for many, but everyone needs to be aware of, just in case management decides to do something different in your bank. This subject will be presented directly after Regulation Update, or will be the first subject presented if you experience Regulatory Update electronically.
8:30 a.m. Registration & Continental Breakfast
9:00 a.m. Program Begins
12:00 p.m. Lunch (included)
1:00 p.m. Program Resumes
3:00 p.m. Program Adjourns
Bill Elliott CRCM, Sr. Consultant and Director of Compliance.
Bill Elliott has over 40 years of banking experience. At Young & Associates, he leads compliance seminars, conducts compliance reviews for all areas of compliance, conducts in-house training, and writes compliance articles and training materials. During his career, Bill spent 15 years as a compliance officer and CRA officer in a large community bank and worked for a large regional bank. He has been a lender for consumer, commercial, and mortgage loans, and has managed a variety of bank departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout. He holds the designation of Certified Regulatory Compliance Manager (CRCM).
ARM Loans: The second subject will be a complete review of all portions of all regulations that discuss ARM loans. We have spent very little time on these regulations in recent years, as almost any customer who could qualify could get a very low-rate fixed rate loan, and was not interested in an ARM loan. But with the changes in interest rates in recent months, customer interest in an ARM product has increased, and the number of questions that we are receiving regarding ARM loans has continued to increase. Given these factors, we have chosen to discuss this subject as the final portion of our fourth quarter CBC presentation. We will help everyone “dust off” their ARM skills, especially as management wants to implement “creative” ARM products. We have not covered this subject in a while due to the low interest rate world in which we lived in for such an extended period of time, but the current interest rate environment indicates that its time has come.
Included in this presentation will be the upfront disclosures which will need to be made, including the TRID disclosures and ability to repay and qualified mortgage issues specific to ARM loans, the disclosures due at closing, including the Closing Disclosure itself, and those disclosures which must take place after closing as the loan proceeds. Our presentation will focus only on those requirements that are directly related to ARM loans. There is no contemplation that we will cover every area of the Loan Estimate or Closing Disclosure.
$350 IBA Member
$180 Each Additional IBA Member
100% Surcharge is applied for Non-Members.
This seminar will be held as a hybrid event Tuesday, November 15, 2022 at the IBA Center for Professional Development, 8425 Woodfield Crossing Blvd. Suite 155E, Indianapolis, IN 46240. Attendees can choose to attend live or virtually.
Directions, map & list of local hotels are available on our website at ww.indiana.bank or you may call the IBA Office at
317-387-9380.
Elizabeth DeHaven, Education Coordinator
EDeHaven@indiana.bank
317-333-7169
You will receive an e-mail confirmation at
Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations the day before or absences on the day of the program. Substitutions are welcome at