Description
35min | Credits: 0.75 CRCM
Note: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.
Explains the reasons for the right of rescission, disclosures required, how to calculate the rescission period, and how to answer consumer questions concerning this right. Covers the new rules on a consumer’s right to cancel a private education loan.
Audience: All branch personnel responsible for closing consumer private higher loans or loans secured by a consumer’s primary residence.
Learning Objectives
After completing this course, students will be able to:
- Determine when the rescission period begins and ends
- Explain the rescission process to consumers
- Answer some common questions about the rescission period
Prerequisites: Reg Z Overview
This course is part of the ABA Frontline Compliance program.