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Darcy focuses on regulatory compliance, including consumer financial service laws and regulations affecting banks, mortgage bankers and servicers, consumer finance companies, auto lenders, and other financial institutions. She possesses a detailed knowledge and understanding of state and federal laws and their applications in connection with mortgage banking, consumer lending, money transmitting, and licensing.
Darcy assists clients with complex compliance and administrative matters concerning a variety of laws such as the Dodd-Frank Act, the CFPB's regulations, including the Truth-in-Lending Act, the Real Estate Settlement Procedures Act, S.A.F.E. Mortgage Licensing Act, the Equal Credit Opportunity Act, the Electronic Fund Transfers Act, the Fair Credit Reporting Act, the Home Mortgage Disclosure Act, and the Privacy Act. Darcy has an in depth knowledge of TRID rules and assists mortgage lenders in accurately preparing Loan Estimates, Closing Disclosures, and coordinating mortgage closings. She also assists mortgage banking clients expand into additional states by preparing required state disclosures and procedures.
Darcy assists clients with auditing mortgage files in preparation for examinations and for resolving incidents of non-compliance prior to examination, including but not limited to Regulation Z tolerance issues, redisclosure, and reimbursement.
She works with clients on a wide range of state consumer credit laws in all 50 states (i.e., fees and disclosures). She assists clients in nationwide licensing through the NMLS as mortgage lenders, loan originators, money transmitters, payday lenders, and others.
Darcy is a graduate of the American Bankers Association's Regulatory Compliance College in Norman, OK.