Description
Reviews the closed-end portion of Regulation Z, including key terminology and requirements for disclosures provided before and during loan consummation. The course explores the features of high-cost mortgages, higher priced mortgages and qualified mortgages.
What You’ll Learn
After completing this course, students will be able to:
Explain coverage under Regulation Z
Calculate the finance charge and amount financed
Describe the difference between the annual percentage rate (APR) and the interest rate
Explain the timing and format of early disclosures, and items that must be included with transaction disclosures
Describe the characteristics of high cost mortgages, higher priced mortgages and qualified mortgages
