The purpose of Regulation Z is to promote the informed use of credit. Disclosures must be uniform and provide information on the interest rate and costs of the transaction including finance charges and annual percentage rate. Regulation Z sets the requirements for what is included and excluded from the finance charge and the APR.
Regulation Z provides specific rules for calculating some of the items required on certain disclosures, specifically the annual percentage rate. It also allows for certain tolerances of error. This Regulation Z: APR and Finance Charges online training course will discuss the details of calculating the annual percentage rate, including defining finance charges used to calculate the APR.
Course Learning Objectives
By taking this online Regulation Z: APR and Finance Charges course, the user will learn to:
- Know what is meant by finance charge and what is included
- Know what is meant by the annual percentage rate
- Know the tolerances for finance charges and APR
- Understand when restitution for inaccurate disclosure is required
This online Regulation Z: APR and Finance Charges course is made up of the following sections:
- Finance Charges
- Finance Charge and Periodic Rates
- Finance Charge Tolerances
- Annual Percentage Rate
- Disclosure of APR
This Regulation Z: APR and Finance Charges 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.