Withdrawn Applications
While we were patiently waiting for a new Section 1071 proposal, members of our 1071 Thought Leadership, Implementation & Planning Membership Group were still learning valuable lending compliance information each month. In September, we discussed withdrawn applications and that your lenders are aware they cannot withdraw an application.
Jerod explains more in the video:
In case you missed it, we did finally get a new Section 1071 proposal on November 13th. This was discussed during the November 1071 Membership Group and our “Small Business Lending Data Collection Proposal” webinar is available now OnDemand.
Published
2025/12/05
Jerod Moyer
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!