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Loan Officer Compliance Training Matrix (by Topic)

Updated over 2 weeks ago

This matrix outlines the compliance training required for Loan Officers, grouped by Topic and separated into Must Know and Nice to Know categories.

Anti-Money Laundering (AML)

Training Priority	Step Titles
Must Know	Anti-Money Laundering (AML) 101 ~22 mins Resource: What is Anti-Money Laundering AML Defined AML Rules and Regulations Resource: The Three Stages of Money Laundering Stage 1: Placement Stage 2: Layering Stage 3: Integration Mastery Test: AML

Bank Secrecy Act (BSA)

Training Priority	Step Titles
Must Know	The Essentials of the Bank Secrecy Act 101 ~15 mins Resource: Currency Transaction Report The Ins and Outs of Currency Transaction Reporting Resource: Suspicious Activity Report The Ins and Outs of Suspicious Activity Reporting Mastery Test: Bank Secrecy Act 102
Nice to Know	The Essentials of the Bank Secrecy Act 102 ~18 mins Resource: Foreign Bank Account Report FBAR: What Needs and Doesn't Need to Be Reported Resource: Other Reports Other Reporting Requirements Resource: Background and History of the BSA Background of the BSA FinCEN's Scope and Mission

Office of Foreign Assets Control (OFAC)

Training Priority	Step Titles
Must Know	Office of Foreign Assets Control (OFAC): Identifying Red Flags ~28 mins Resource: Identifying Red Flags and Transactions Identifying Red Flags Red Flags: Transactions 1 Red Flags: Transactions 2 Resource: Other Transactions and Customer Accounts Red Flags: Other Transactions Red Flags: Customer Accounts Red Flags: Nature of Business, Origination of Funds, and Clients Mastery Test: Identifying Red Flags Office of Foreign Assets Control (OFAC): Overview 101 ~18 mins Resource: OFAC Overview of OFAC Resource: Specially Designated Nationals and Responsibilities and Obligations Specially Designated Nationals (SDNs) Responsibilities and Obligations Mastery Test: OFAC: Overview 101
Nice to Know	Office of Foreign Assets Control (OFAC): Overview 102 ~12 mins Resource: OFAC Authority The Ins and Outs of OFAC's Authority OFAC's Settlement With Standard Chartered Bank Mastery Test: OFAC: Overview 102

Fair Lending

Training Priority	Step Titles
Must Know	Fair Lending Overview and Discrimination Definitions ~22 mins Resource: Fair Lending Overview Fair Lending Overview Resource: Fair Lending Discrimination Definitions Illegal Discrimination Overt Discrimination Disparate Illegal Discrimination Disparate Impact Discrimination Mastery Test: Fair Lending Overview and Discrimination Definitions Establishing a Fair Lending Program ~20 mins Resource: Establishing a Fair Lending Program Factors Lenders May Consider Fair Lending Program Requirements Preventing the Occurrence of Fair Lending Violations Fair Lending Risk Factors Fostering Fair Lending with Customers Mastery Test: Establishing a Fair Lending Program
Nice to Know	Predatory Lending and Redlining ~18 mins Resource: Predatory Lending and Redlining What is Predatory Lending How Predatory Lending Works What is Redlining How Redlining Works Mastery Test: Predatory Lending and Redlining

Gramm-Leach-Bliley Act (GLBA) / Consumer Privacy

Training Priority	Step Titles
Must Know	Gramm-Leach-Bliley Act (GLBA) / Consumer Privacy 101 ~20 mins Resource: GLBA, CCPA and Consumer Privacy Privacy Overview Key Privacy Regulations Implementing Privacy Best Practices Challenges in Privacy Management Mastery Test: Privacy: GLBA, CCPA and Consumer Privacy

Deposit Compliance (Reg D, Reg DD, Reg CC, Reg E)

Training Priority	Step Titles
Must Know	Deposit Compliance, Regulation D, and Regulation DD 101 ~10 mins Resource: Overview of Regulations and Deposit Compliance Requirements Deposit Compliance Overview Overview of Relevant Regulations Mastery Test: Deposit Compliance Overview, Regulation D, and Regulation DD Regulation CC: Availability of Funds and Collection of Checks Act ~10 mins Resource: Regulation CC: Availability of Funds and Collection of Checks Regulation CC: Scope and Purpose Regulation CC: Requirements for Financial Institutions Mastery Test: Regulation CC: Availability of Funds and Collection of Checks Regulation E: Electronic Fund Transfers and Garnishment Rule ~22 mins Resource: Garnishment Rule Garnishment Rule: Part 1 Garnishment Rule: Part 2 Mastery Test: Regulation E and Garnishment Rule
Nice to Know	Deposit Compliance, Regulation D, and Regulation DD 101 ~20 mins Resource: Regulation D Regulation D: Reserve Requirements Regulation D: Covered Deposits and Liabilities Resource: Regulation DD Regulation DD: Scope and Purpose Regulation DD: Truth in Savings Act (TISA) Mastery Test: Deposit Compliance Overview, Regulation D, and Regulation DD Regulation CC: Availability of Funds and Collection of Checks Act ~14 mins Resource: Regulation CC: Availability of Funds Regulation CC: Next-Day Availability Deposits Resource: Collection of Checks Check 21 Mastery Test: Availability of Funds and Collection of Checks Act

Cybersecurity

Training Priority	Step Titles
Must Know	Cybersecurity: Computer Security Basics 101 ~15 mins Resource: Cybersecurity Cybersecurity Overview Key Cybersecurity Regulations Implementing Cybersecurity Best Practices Challenges in Cybersecurity Management Mastery Test: Cybersecurity

U.S. Regulators

Training Priority	Step Titles
Must Know	U.S. Regulators 101 ~14 mins Resource: FinCEN FinCEN's Scope and Mission Mastery Test: U.S. Regulators 101

Code of Ethics

Training Priority	Step Titles
Must Know	Code of Ethics ~22 mins Resource: Introduction and Core Principles Code of Ethics: Overview Core Principles of a Code of Ethics Resource: Importance, Regulations and Ethical Compliance, and Ethical Challenges Why A Code of Ethics is Important Regulations and Ethical Compliance Ethical Challenges Mastery Step: Code of Ethics
Nice to Know	(none — all included above are directly applicable to Loan Officers)

Conflicts of Interest (subtopic of Code of Ethics)

Training Priority	Step Titles
Must Know	Code of Ethics ~22 mins Resource: Introduction and Core Principles Code of Ethics: Overview Core Principles of a Code of Ethics Resource: Importance, Regulations and Ethical Compliance, and Ethical Challenges Why A Code of Ethics is Important Regulations and Ethical Compliance Ethical Challenges Mastery Step: Code of Ethics

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