The institution does not allow its employees discretion in assessing fees related to loss mitigation options to borrowers? Is the information provided to consumers about loss mitigation alternatives clear, prominent and readily understandable? Does the institution offer loss mitigation alternatives to borrowers who seeks them prior to default? Does the institution offer or require fair lending training to employees and service providers that offer or advise borrowers on loss mitigation options? Does the institution conduct fair lending related monitoring of the types of loss mitigation options offered to borrowers? Does the institution conduct fair lending related monitoring of employees’ discretion in offering or enrolling borrowers in loss mitigation options? Does the institution apply uniform standards and procedures to all borrowers when: Referring loan accounts to foreclosures? Assessing late charges? Assessing prepayment penalties? Allowing Reinstatements?
The institution does not allow its employees discretion in assessing fees related to loss mitigation options to borrowers? Is the information provided to consumers about loss mitigation alternatives clear, prominent and readily understandable? Does the institution offer loss mitigation alternatives to borrowers who seeks them prior to default? Does the institution offer or require fair lending training to employees and service providers that offer or advise borrowers on loss mitigation options? Does the institution conduct fair lending related monitoring of the types of loss mitigation options offered to borrowers? Does the institution conduct fair lending related monitoring of employees’ discretion in offering or enrolling borrowers in loss mitigation options? Does the institution apply uniform standards and procedures to all borrowers when: Referring loan accounts to foreclosures? Assessing late charges? Assessing prepayment penalties? Allowing Reinstatements?
Sample-Fair-Lending-Compliance-Checklist-Ver.-6.9.17.docx