Reg B: Evaluating Applications

Course Number: ABA

Course Code: n/a

Focuses on information a creditor may consider in evaluating applicants, so long as the use of the information does not have the intent or the effect of discriminating against an applicant on a prohibited basis. Discusses the use of loan evaluation systems including judgment systems and credit scoring systems. Centers on the Regulation B limitations on requiring people other than the applicant to sign credit documents, requirements to consider certain information, and limitations on actions creditors may take on open-end credit.

What You’ll Learn

After completing this course, students will be able to:

  • Describe the information creditors may and may not use when they evaluate credit applications
  • Explain Regulation B’s “signature” restrictions
  • Describe other provisions that require consideration of specific information and prohibit certain actions on existing open-end credit

Audience: Bank personnel who take and process loan applications.

Prerequisites: n/a

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Member Price: $55.00
Non-Member Price: $75.00
Textbook Charge: $0.00

Credits: 0.50 CLBB, CRCM

Length: Approximately 20 minutes

ABA Training