This Regulation B: Adverse Action online training course explores the action in regard to an application for credit. Adverse action notices are required to be sent to consumers and certain commercial applicants for new applications as well as existing credit obligations when the bank takes adverse action. This course will provide the detailed requirements of the adverse action rules.
Course Learning Objectives
By taking this online Regulation B: Adverse Action course, the user will learn to:
- Define adverse action
- Send proper notification to credit applicants in a timely manner when adverse action is taken
- Ensure the adverse action notice is completed correctly
- Know when and how the notice must be given to business credit applicants
- Ensure you are retaining adverse action files for the appropriate amount of time
This online Regulation B: Adverse Action course is made up of the following sections:
- What is Adverse Action?
- Timing and Coverage
- Business Credit
- Record Retention
This Regulation B: Adverse Action training course was designed for bank employees.
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.