Regulation Z or the Truth in Lending Act encompasses several laws or acts and has been amended over the years. Regulation Z requires creditors to disclose the terms and cost of consumer credit transactions and includes rules meant to inform and protect consumers. There are specific requirements for open-end credit plans, whether they are real estate secured or not.
This Regulation Z: Open-End Credit (Real Estate) online training course focuses on the requirements and limitations extended to open-end consumer credit secured by real estate. This course is intended for lenders, loan operations staff, and compliance personnel.
Course Learning Objectives
By taking this online Regulation Z: Open-End Credit (Real Estate) course, the user will learn to:
- Ensure your bank is providing the appropriate disclosures to account holders in the required timeframes
- Understand how costs, interest and fees are calculated and charged
- Know what date payments must be credited to an account based on when they were received
- Determine when disputes must be resolved and understand the activities a creditor is prohibited from when there is a dispute
This online Regulation Z: Open-End Credit (Real Estate) course is made up of the following sections:
- Loan Calculations
- HELOC Limitations
- Right of Rescission
- Periodic Statements
- Crediting of Payments
- Billing Error Resolution
This Regulation Z: Open-End Credit (Real Estate) online training course was designed for individuals in the consumer lending arena, both real estate and non-real estate.
If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.