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 Regulation Z requirements for home equity lines of credit (HELOCs), including disclosures, changes in terms, and periodic statements.
Audience: Any branch staff that discusses home equity options with consumers or takes consumer applications for home equity products.
Learning Objectives
After completing this course, students will be able to:
- Define a HELOC
- Explain what disclosures are required and when they must be provided
- Identify the circumstances when banks are allowed to change the terms of a HELOC
- Understand the requirements for periodic statements
Prerequisites: Reg Z Overview
This course is part of the ABA Frontline Compliance program.