How and When Do I Report Loan Changes in Terms Under FCRA?

Course Number: ABA

Course Code: n/a

Understand how and when to report loan changes to consumer reporting agencies when changing loan terms.

What You’ll Learn

After successfully completing this course, you will be able to:

  • Recognize FCRA principles impacting refinanced or modified loans
  • Determine when a creditor has the right to a credit inquiry when a loan change is initiated
  • Understand prohibited actions related to consumer reports
  • Understand the required Credit Score Disclosures
  • Define adverse action and identify information that must be included in adverse action notices 

Audience: n/a

Prerequisites: n/a

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Member Price: $75.00
Non-Member Price: $95.00
Textbook Charge: $0.00

Credits: 0.50 CRCM, 0.50 CERP

Length: Approximately 16 minutes

ABA Training