Regulation Z, Truth in Lending, sets the requirements for lending to consumers. Consumer dwelling related transactions that involve a loan originator must follow certain requirements for paying compensation. Regulation Z uses the terms loan originator and loan originator compensation throughout the regulation when discussing consumer dwelling related transactions.
This Regulation Z: Loan Originator Compensation online training course defines loan originator and sets basic requirements for a loan originator’s compensation including how and under what conditions a loan originator may be compensated as well as prohibited acts or practices.
Course Learning Objectives
By taking this online Regulation Z: Loan Originator Compensation course, the user will learn to:
- Identify a loan originator
- Know whether compensation paid is permissible
- Know the prohibited types of compensation payments
This online Regulation Z: Loan Originator Compensation course is made up of the following sections:
- Loan Originator
- Prohibited Payments to Loan Originators
- Permissible Methods of Compensation
- Duties of Organizations and Originators
This Regulation Z: Loan Originator Compensationonline 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.