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Exhibit 17.1 Sample Fair Lending Policy Applicable Laws/Regulations: Fair Housing Act, 24 CFR Parts 100121Regulation B Equal Credit Opportunity Act,12 CFR Part 1002Regulation C Home Mortgage Disclosure
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How to fill out sample fair lending policy

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How to fill out sample fair lending policy

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Step 1: Start by creating a clear and concise introduction that defines the purpose of the fair lending policy.
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Step 2: Outline the various principles and objectives of fair lending that your organization adheres to.
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Step 3: Specify the roles and responsibilities of employees involved in fair lending practices.
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Step 4: Detail the procedures for ensuring fair lending, including customer evaluation, loan pricing, and enforcement measures.
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Step 5: Include guidelines on handling fair lending complaints and conducting internal investigations.
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Step 6: Provide a section on training and educating employees about fair lending laws and regulations.
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Step 7: Review and revise the policy regularly to stay updated with changes in fair lending laws and industry best practices.

Who needs sample fair lending policy?

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Financial institutions such as banks, credit unions, and mortgage lenders require a sample fair lending policy.
02
Any organization that provides lending or credit services and wants to ensure compliance with fair lending laws can benefit from a sample policy.
03
Companies that want to promote equal and fair treatment of all consumers in their lending practices should consider implementing a fair lending policy.

What is Sample Fair Lending Policy Form?

The Sample Fair Lending Policy is a document which can be filled-out and signed for specified needs. In that case, it is provided to the exact addressee to provide certain info and data. The completion and signing is available in hard copy by hand or using an appropriate application like PDFfiller. These services help to complete any PDF or Word file without printing out. While doing that, you can customize its appearance for your requirements and put a valid e-signature. Once you're good, you send the Sample Fair Lending Policy to the respective recipient or several of them by email and even fax. PDFfiller has a feature and options that make your template printable. It offers different options when printing out appearance. It doesn't matter how you send a form - in hard copy or electronically - it will always look neat and firm. In order not to create a new file from the beginning over and over, turn the original form into a template. Later, you will have a customizable sample.

Sample Fair Lending Policy template instructions

Before start to fill out Sample Fair Lending Policy MS Word form, make sure that you have prepared enough of necessary information. This is a important part, as far as some typos can trigger unwanted consequences from re-submission of the entire word template and completing with missing deadlines and even penalties. You ought to be observative enough when writing down digits. At first glance, this task seems to be not challenging thing. Nevertheless, you might well make a mistake. Some people use some sort of a lifehack storing their records in a separate file or a record book and then put this information into sample documents. Nonetheless, come up with all efforts and present true and genuine info with your Sample Fair Lending Policy word form, and check it twice when filling out all the fields. If it appears that some mistakes still persist, you can easily make amends when using PDFfiller editor and avoid missed deadlines.

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A sample fair lending policy is a set of guidelines and procedures that are implemented by financial institutions to ensure that all customers are treated fairly and equally when it comes to lending practices.
Financial institutions such as banks, credit unions, and mortgage lenders are required to have and file a sample fair lending policy.
To fill out a sample fair lending policy, financial institutions must include information such as their non-discrimination policy, monitoring procedures, training programs, complaint resolution process, and reporting requirements.
The purpose of a sample fair lending policy is to promote fair and equal access to credit and financial services for all individuals, regardless of their race, gender, or other protected characteristics.
Information that must be reported on a sample fair lending policy includes data on loan approval rates, interest rates, fees, and any disparities in lending practices based on race or other protected characteristics.
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