Introduction to Mortgage Origination Examinations Training

3/7/2025

Internal Use Only

Adverse Action What to look for as an examiner: • Was the disclosure provided timely? • Did the disclosure contain all required elements including: o Statement of action taken? o Name & address of creditor? o Name & address of federal agency that administers compliance with respect to the creditor?

101

Internal Use Only

Notice of Incompleteness

What to look for as an examiner: • Provided within 30 days of receiving incomplete application? • Identify specific information needed by creditor? • Provide a reasonable amount of time for borrower to provide information needed?

102

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