Regulation Z: Open-end Credit (Non-Real Estate)

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 not secured by real estate. There are specific requirements for open-end credit plans, whether they are real estate secured or not.

This Regulation Z: Open-end Credit (Non-Real Estate) online training course focuses on the requirements and limitations extended to open-end consumer credit that is not 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 (Non-Real Estate) course, the user will learn to:

• Ensure your bank is sending 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
• Acknowledge there are specific rules that apply to credit card issuers

Course Outline

This online Regulation Z: Open-end Credit (Non-Real Estate) course is made up of the following sections:

1. Disclosures
2. Loan Calculations
3. Periodic Statements
4. Crediting of Payments
5. Billing Error Resolution
6. Credit Cards

Course Audience

This Regulation Z: Open-end Credit (Non-Real Estate) online training course was designed for lenders, loan operations staff, and compliance personnel.

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.