Reg E Prepaid Accounts

Course Number: ABA

Course Code: ABA

Describes how recent Regulation E amendments apply to prepaid accounts and how the amended Regulation Z (Truth in Lending Act) regulates any credit or overdraft features associated with prepaid accounts?

Updated: March 2019

What You’ll Learn
After completing this course, students will be able to:

-Define prepaid accounts
-Explain the special “pre-acquisition” disclosures that must be provided with prepaid accounts
-Describe the alternatives to the periodic statement requirement that include related procedures for resolving errors
-Explain the requirement for agreements to be provided to the Bureau and posted on websites
-Describe how Regulation Z treats prepaid accounts with credit features

Audience: All staff responsible for issuing prepaid accounts and ?hybrid? prepaid accounts, including billing statements and error resolution.

Prerequisites: None

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Member Price: $95.00
Non-Member Price: $130.00
Textbook Charge: $0.00

Credits: 1 CFSSP, CRCM

Length: 40 min

ABA Training