Anti-Predatory Lending and Unfair Deceptive and Abusive Acts and Practices (UDAAP)
There are a many elements that can contribute to a culture of abusive or predatory lending within an organization. Defining these practices is the first step in identifying where employees must stop to avoid crossing the line. This policy is part of our origination module and/or compliance module.
In addition to identifying the policy, you must have other safeguards in place:
Compensation
Fair Lending
Advertising
Complaint Resolution
In addition to identifying the policy, you must have other safeguards in place:
Compensation
Fair Lending
Advertising
Complaint Resolution