[The following is a news release issued by Consumer Bankers Association .]
CBA Webinar: New Private Student Loan Rules & Schools
Ideas for Ensuring Compliance and Important Issues to Consider
CBA invites all schools for the CBA Webinar: New Private Student Loan Rules and Schools: Ideas for Ensuring Compliance and Important Issues to Consider, Friday, January 22, 2010 from 1:00 - 2:00 p.m. ET, plus an additional 30 minutes for Q&A.
This webinar will provide schools with details and insights on new compliance issues relating to non-federal student loans resulting from recently enacted legislation and regulations.
The following issues will be covered on the webinar (program subject to change):
The Basics:
What are the new requirements?
What do schools have to do?
What are the effective dates?
What loans/transactions are covered?
What are the consequences of non-compliance?
Private Loan Preferred Lender Lists:
How to implement a simple process of providing a comprehensive list of all loan providers.
How to implement a limited preferred list consisting of fewer than five lenders.
Issues associated with using a loan aggregator.
The Complex New Landscape of Disclosures to borrowers:
Disclosures at the time of loan solicitation.
Disclosures at loan application.
Disclosures at loan approval.
Key compliance issues for schools to look for.
Borrower Self-Certification of Private Loans:
The process.
The school’s responsibilities.
Key issues to look out for.
Advice from the Financial Aid Office: Implementation Advice from a Colleague:
Getting office processes ready for February 14, 2010.
Questions to ask your lender.
Where to find reliable, impartial advice.
Questions and Answers.
Responses to questions received from webinar participants.
This webinar is free of charge for all webinar participants. However, you must register in order to attend the live webinar on Friday, January 22, 2010.
Posted 01/08/10 to www.NASFAA.org. Posting of press releases is done as a service to Members and does not imply endorsement or support by NASFAA. NASFAA does not review this information for content or accuracy.
