Consumer Loans: To Modify or Refinance?

Course Number: ABA

Course Code: n/a

Understand the required steps and possible exceptions with compliance disclosures when changing an existing consumer loan.

What You’ll Learn

This training will specifically address:

• What to do with existing loans: modify or refinance (and the differences between them)
• When to “redisclose”— Truth in Lending Act (TILA) and Reg Z requirements
• Exceptions to the general rule

Audience: Chief Compliance Officers (CCOs); Compliance Officers, Managers, Specialists, Analysts and Coordinators, including Compliance owners within the bank’s first line with responsibilities for Consumer Compliance and/or Regulatory Oversight. Internal Auditors, General Counsel and Legal, Consultants specializing in Bank Compliance. Federal and State Bank Examiners. Bankers who have attended ABA’s Compliance Schools or taken the Online Training for Compliance Professionals

Prerequisites: n/a

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