Reg Z Private Higher Education Loans
Course Number: RZPHEL1
Course Code: ABA 304
This course discusses the amendments to Reg Z that apply to any closed-end, non-home secured loan extended expressly, in whole or in part, to be used for post-secondary educational expenses. It discusses the disclosure requirements for such loans and the applicability of the right to cancel.
Learning Objectives
After completing this course, students will be able to:
– Explain what type of loan qualifies to be a private higher education loan under the Reg Z rules
– Explain what disclosures are required and when they must be provided
– Understand how the right to cancel applies to these types of loans
Audience: All branch personnel responsible for taking loan applications or speaking to customers about private higher education loans
Prerequisites: Reg Z Overview