Start Date: 12/17/2024 9:00 AM MST
End Date: 12/17/2024 10:00 AM MST
Location:
United States
The new Section 1071 rules will require lenders to collect and report data on small business loan applications, including those of minority- and women-owned small businesses. This final rule is a “heavy read” at 888 pages. Since there is no “model” application form for small business loans, how will collecting information change? Does the current loan application system have the capacity to capture the required information? Attend this overview to determine if the rule applies to your financial institution and when the mandatory compliance date kicks in.
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