What’s a Refinance?

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. There can be a lot to consider, depending on what exactly you’re doing. If you have a refinance subject to Regulation Z, you may have to give all new disclosures.

David explains “refinances” under Truth in Lending in the video.

 

Ready to learn more? JOIN US for our webinar, “Refinances, Renewals & Modifications.” Featured topics include:

  • When are you required to provide new disclosures?
  • What is Refinance?
  • What is a Modification?
  • What is a Renewal?
  • What regulatory requirements do each of these terms trigger?
  • What are the If ’s, And’s and But’s?
  • Commercial, Consumer, Closed and Open-End Credit
  • Regulatory Guidance & Best Practices

Training Library!

Published
2022/09/07

David Dickinson

David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.

He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the American Bankers Association National Compliance Schools and has served on the faculty of the Center for Financial Training for many years. He also is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.

David and his wife Karen have three adult children, four grandchildren (none of whom live at home!) and two cats (of which Dave is allergic … the cats, not the children!). They recently moved to an acreage outside of Lincoln, Nebraska where he gets to play with his tractor. When possible David can be found fishing, making sawdust in his shop, or playing the guitar and piano. He also enjoys leading worship at his church.

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