Reg Z Open-End Credit for Compliance Professionals
Course Number: ABA
Course Code: ABA
Reviews the open-end portion of Regulation Z, including history, purpose, coverage, and disclosures. Explains rules relating to billing errors, crediting payments, credit balances, and advertising.?
Updated: August 2018
What You’ll Learn
After completing this course, students will be able to:
-Describe the history and purpose of Regulation Z
-Identify credit transactions covered under Regulation Z
-Explain disclosure requirements for applications and solicitations, account opening, change in terms, periodic statements, and other subsequent disclosures
-Describe requirements for billing error resolution, crediting of payments, and treatment of credit balances
-Explain advertising rules for HELOCs, not home secured transactions, and marketing to college students
Audience: Compliance professionals including compliance managers, officers, and other compliance team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, auditors and lending compliance professionals.