Description
50min | Credits: 1 CRCM
Note: This course is the mandatory prerequisite for all other Reg Z frontline compliance courses.
Explains the basics of Regulation Z, along with the applicability and coverage of Reg Z and what types of transactions are not covered. Explains key terms used in Reg Z and the types of finance charges and items excluded from finance charges.
Audience: All branch staff that need to know anything about Regulation Z.
Learning Objectives
After completing this course, students will be able to:
- Explain the purpose of Regulation Z
- Examine the importance of an annual percentage rate (APR) and finance charges
- Explain key terms and coverage
- Identify loans made to consumers that are required to comply with Regulation Z
- Examine the Consumer Financial Protection Bureau’s (Bureau’s) mortgage rules
- Examine the penalties for noncompliance with Regulation Z requirements
This course is part of the ABA Frontline Compliance program.