Banking Law and Referrals


Explains the Interagency Consumer Protections in Sales of Insurance (ICP) rules on retail sales, solicitation, advertising, insurance products or annuities to consumers. Describes Regulation R that provides a framework for banks to refer customers to satisfy their banking demands. Describes the Loan Originator Compensation rules under Regulation Z that address limited circumstances under which a bank employee who is not a loan originator may make a referral

Updated: February 2018

What You'll Learn

After completing this course, students will be able to:

  • Explain the purpose of the Interagency Policy Statement and when it applies. 
  • Explain the Interagency Consumer Protections (ICP) rules impacting the referrals of customers for non-FDIC insured products.
  • Describe Regulation R exemptions that allow banks to pay bankers for referring customers.
  • Describe Regulation Z Loan Originator Compensation rules that specify the actions that only apply to loan originators.

Audience​

​Any bank personnel who make mortgage, investment, or insurance referrals to mortgage loan originators, or securities and/or insurance licensed persons or entities.

​Course Credits

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​Questions? Please contact training@aba.com for more information.​
 

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