Be sure to JOIN US, “Refinances, Renewals & Modifications.”
It’s not uncommon for bankers to use the terms refinance, renewal, extension, modification, etc., interchangeably. When it comes to compliance; however, you need to be careful. While Truth in Lending disclosures may not be needed for a modification, they are for a refinance. There can be a lot to consider depending on what exactly you’re doing.
David explains “modifications” under Truth in Lending in the video.
Published
2022/09/26
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!