Reg E Prepaid Accounts

Course Number: ABA

Course Code: ABA

Describes how recent Regulation E amendments apply to prepaid accounts and how the amended Regulation Z (Truth in Lending Act) regulates any credit or overdraft features associated with prepaid accounts​

Learning Objectives
After completing this course, students will be able to:

Define prepaid accounts
Explain the special “pre-acquisition” disclosures that must be provided with prepaid accounts
Describe the alternatives to the periodic statement requirement that include related procedures for resolving errors
Explain the requirement for agreements to be provided to the Bureau and posted on websites
Describe how Regulation Z treats prepaid accounts with credit features

Audience: All staff responsible for issuing prepaid accounts and “hybrid” prepaid accounts, including billing statements and error resolution.

Prerequisites: n/a

Register Now

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

Credits: Certifications: 1 CFSSP, CRCM​

Length: 40 minutes

ABA Training