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E is for Exam

Category: Lending
By Erin OHern    No Comments

As you work to understand and comply with new regulatory requirements, one eye is usually focused on the upcoming exam with your regulator. Thankfully, the NCUA is hosting a free webinar on January 22, 2014, concerning the NCUA’s new examination report process.  The webinar will be held at 2 p.m. Eastern. The webinar will include information on the Documents of Resolution and examination report procedures. If you have an upcoming exam I encourage you to submit questions to the NCUA in advance of the webinar to ensure that you understand the changes NCUA made to streamline the exam process. You can submit a question to the NCUA in advance of the webinar by emailing WebinarQuestions@ncua.gov. The subject line of the email should read “Examination Modernization Webinar.”

Click here to register for the webinar. 

While we are on the subject of exams and in honor of the January 10, 2014, effective date of the CFPB’s Ability to Repay rule, don’t forget to check out the new exam questionnaire. The NCUA recently issued a Supervisory Letter on the CFPB’s Ability to Repay and Qualified Mortgage rule. In case you missed it, included in that letter is the NCUA’s Dodd-Frank Act Mortgage Rules Questionnaire. The questionnaire will be a great resource to help you prepare for an upcoming exam.

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