The Red Flags Rule – E3

Course Description

The continued growth of identity theft harms consumers and damages the mortgage industry. The Federal Trade Commission’s Red Flags Rule requires mortgage professionals to take steps to prevent this form of fraud. This course explains how to identify and minimize the impact of identity theft in order to protect customers and their personal information. It will also discuss the origins of federal efforts to fight identity theft, the overall requirements of the Red Flags Rule, give familiarity with the expectations that relate to the mortgage industry and review specific steps that mortgage professionals can take in the loan origination process to detect and help prevent identity theft.

40 Minutes

Series: Lending Compliance for Banks, Lending Compliance for Credit Unions

Roles: Asset Management, Board of Directors, Commercial, Compliance - External Audit, Compliance - Internal Audit, Human Resources, Mortgage Professionals, Operations & IT, Retail, Wholesale Banking

Course Format: E3

Package: Breakthrough, Expansion

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