Description
This course provides a high-level review of Regulation Z issues pertinent to mortgage lending, and includes information about the TILA-RESPA Integrated Disclosure (TRID) rules, mortgage servicing rules, higher-priced and high-cost mortgage rules, loan originator rules, ability to repay/qualified mortgage rules, and the right to rescind certain transactions.
Note: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.
What You’ll Learn
After completing this course, students will be able to:
- Identify the Regulation Z required mortgage disclosures
- Describe the loan originator rules
- Identify the loan transfer and loan servicer rules
- Examine the higher-priced and high-cost mortgage rules
- Explain the “ability to repay” and “qualified mortgage” rules
- Understand the consumer’s right to rescind certain transactions
