FAIR LENDING POLICY FOR TAG LENDING GROUP, LLC

INSTRUCTION: Please take the time to read and accept the company policy by clicking the "I AGREE" button located at the bottom 

                                                                                            

Effective date: 05/15/2024

FAIR LENDING POLICY FOR TAG LENDING GROUP, LLC
(Mortgage Lender NMLS ID: 2329372)

335 S. Biscayne Blvd Ste #2809, Miami, FL 33131

860-462-7737– NMLS # 2329372

HR@taglendinggroup.com

 

PURPOSE

This Fair Lending Policy aims to comply with the Fair Housing Act (FHA) and the Equal Credit Opportunity Act (ECOA) by establishing guidelines to ensure fair, equitable, and nondiscriminatory practices in all aspects of lending. Tag Lending Group, LLC is committed to providing equal access to credit and fair treatment for all consumers, regardless of race, color, religion, national origin, sex, marital status, age, disability, familial status, receipt of public assistance, or any other protected characteristic under applicable laws.

SCOPE

This policy applies to all employees, agents, contractors, and affiliates of Tag Lending Group, LLC. It governs the detection and reporting of any suspicious activities, as well as requirements for record- keeping and customer identification.

POLICY STATEMENT


Tag Lending Group, LLC is committed to:

  • Equal Treatment of All Consumers: All consumers have the right to fair, equitable, and nondiscriminatory treatment when applying for, receiving, and maintaining credit.
  • Non-Discriminatory Lending Practices: We prohibit discrimination based on race, color, religion, national origin, sex, marital status, age (provided the applicant has the legal capacity to contract), disability, familial status, or source of income.
  • Transparency and Compliance: We maintain transparency in our lending processes and comply fully with the Fair Housing Act and ECOA All employees are expected to adhere to fair lending laws and ensure compliance at all stages of the lending process.
  • Regular Training and Monitoring: Regular training sessions will be conducted to ensure our staff is knowledgeable and compliant with fair lending standards. Additionally, periodic internal audits and monitoring systems will be in place to detect, report, and correct any unfair lending practices.

PROHIBITED PRACTICES

The following practices are strictly prohibited under this policy:

  1. Redlining: Refusing to offer or limiting credit opportunities in certain neighborhoods based on race or
  2. Steering: Directing a borrower to a product or program that is less advantageous due to a protected
  3. Discriminatory Underwriting Standards: Using underwriting standards that have a disparate impact on protected groups unless justified by legitimate business needs.
  4. Discriminatory Loan Terms and Conditions: Offering loan terms or conditions based on protected

COMPLAINT PROCESS

All complaints or concerns related to lending practices should be promptly reported to the Compliance Officer. Tag Lending Group, LLC will investigate each complaint and take corrective action as necessary. Retaliation against employees who raise concerns is strictly prohibited.

 

POLICY REVIEW AND UPDATE

This policy will be reviewed annually to ensure it aligns with current laws and regulations. Any updates or changes to fair lending laws will be incorporated promptly to ensure ongoing compliance.


ACKNOWLEDGEMENT

All employees of Tag Lending Group, LLC are required to review, understand, and acknowledge this policy annually. Failure to comply may result in disciplinary action, up to and including termination of employment.

 

  OWNER:

   Anthony Angelillo

  TAG Lending Group, LLC

 

                                              I  AGREE