Online Individual Course

Regulation Z: Open-End Credit (Real Estate)

Online Training
Regulation Z or the Truth in Lending Act, encompasses several laws or acts and has been amended over the years. The regulation 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 course focuses on the requirements and limitation extended to open-end consumer credit secured by real estate. This course is intended for lenders, loan operations staff, and compliance personnel.

Learning Objectives:

  • 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 the understand the activities a creditor is prohibited from when there is a dispute

Course Outline:

  • Disclosures
  • Loan Calculations
  • HELOC Limitations
  • Right of Rescission
  • Periodic Statements
  • Crediting of Payments
  • Billing Error Resolution

Rev–Apr. 2020. Course length ≈ 30 minutes.  

This course is worth 0.5 CPE credit.
ICBA Member - $179.00
Non-Member - $299.00