Equal Credit Opportunity Act (Reg B)

Course Number: ABA

Course Code: ABA

Explains the prohibited bases for evaluating an application and required notifications, and other bank compliance issues, including the requirements for reporting credit information, record keeping, and the consequences of noncompliance.

Updated: September 2018

What You’ll Learn
After completing this course, students will be able to:

-Explain the purpose of ECOA and what it covers
-Identify the point at which an inquiry turns into an application and what applicant requests are prohibited
-Describe what banks must do to comply with ECOA when processing and evaluating credit applications
-Identify reporting and record keeping requirements, as well as the consequences of noncompliance

Audience: Bank personnel involved in the process of gathering information for credit transactions.

Prerequisites: None

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Member Price: $95.00
Non-Member Price: $130.00
Textbook Charge: $0.00

Credits: 2.0 CLBB, CRCM

Length: 1 hour 30 min

ABA Training