Fair Lending Policy
The purpose of this Fair Lending Policy Template is to address measures a bank, credit union, fintech company, or other type of financial institution must take in order to comply with fair lending laws, rules and regulations, including the Equal Credit Opportunity Act (ECOA), the Home Mortgage Disclosure Act (HMDA), the Fair Credit Reporting Act (FCRA), the Fair Housing Act, and the Community Reinvestment Act (CRA).
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Equal Credit Opportunity Act Reference – Topic 3
- Fair Housing Act Reference – Topic 4
- Types of Discrimination under ECOA and Fair Housing Act – Topic 5
- Community Reinvestment Act Reference – Topic 6
- Home Mortgage Disclosure Act Reference – Topic 7
- Fair Credit Reporting Act Reference – Topic 8
- Secondary Loan Review Reference – Topic 9
- Complaint Policy Reference – Topic 10
- Compensation Practices and Loan Pricing – Topic 11
- Audit Policy – Topic 12
- Staff Training – Topic 13
- Retention of Documents – Topic 14
Recent updates to this product:
FDIC Revised Consumer Compliance Examination Manual
Federal Reserve – Federal Reserve Board Launches Consumer Compliance Supervision Bulletin
This Fair Lending Policy Template (approximately 16 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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