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John Warner National Defense Authorization Act Rules on Protecting Service Members and their Dependents

Our government is on a continuing crusade to eliminate “predatory lending” – even if it can’t seem to figure out precisely how to define it. The John Warner rules attempt to keep creditors from “preying” on America’s military members and their dependents. As institutions struggle to make small dollar loans, find out how these rules may impact your institution.

What You Will Learn:

  • What types of “consumer loans” are covered by the rules
  • Who is protected by the rules and what must be done to identify covered persons
  • Additional disclosures that are required in connection with covered transactions
  • Contract limitations that apply to covered transactions
  • How to structure loan products to avoid coverage
  • What the penalties are for non-compliance

Who Should Attend:

Audit, compliance, credit administration, and other personnel responsible for loan compliance management in your institution

Level:

Basic

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