Description
30min | Credits: 0.75 CRCM
Note: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.
Describes closed end adjustable rate and fixed rate closed-end lending, including installment loans and home equity loans and the requirements for both.
Audience: Branch staff (lenders, CSRs Call Center, personal bankers) who takes consumer loan applications or discuss loan products with consumers. For some banks, this course may also be applicable for tellers making referrals to the platform.
Learning Objectives
After completing this course, students will be able to:
- Describe the features of closed-end loans and the required disclosures for variable- and fixed-rate loans
- Describe the features of home equity loans
- Examine the rules and disclosures for home equity loans
Prerequisites: Reg Z Overview
This course is part of the ABA Frontline Compliance program.