Credit and Credit Reports: Practical Information for Attorneys
1h
Created on October 22, 2015
Beginner
Overview
This program, presented by Lawline faculty Daniel Shlufman, teaches attorneys about the various federal laws relating to credit reports and credit reporting. Daniel discusses the practical aspects of these laws as they relate to mortgage financing as well as gives attorneys insights into how credit generally and credit scores specifically affect their clients’ ability to obtain financing for the purchase of a residential property. Finally, this course provides information on the ways that attorneys can assist their clients in repairing their credit to enable them to purchase a home.
Learning Objectives:
I. Define credit and credit reporting
II. Gain familiarity with the various credit reporting agencies
III. Recognize the Federal Laws affecting your client's credit including:
- Fair Credit Reporting Act (FCRA)
- Fair and Accurate Credit Transactions Act
IV. Comprehend the key issues pertaining to your client's credit scores including:
- FICO score and mortgage
- Credit Scoring Models
- Impacts of Credit Scores
V. Repair problems and avoid future ones for your client
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