Reg Z Private Higher Education Loans
Course Number: ABA
Course Code: ABA
This course discusses the amendments to Reg Z that apply to any closed-end, non-home secured loan extended expressly, in whole or in part, to be used for post-secondary educational expenses. It discusses the disclosure requirements for such loans and the applicability of the right to cancel.
Updated: March 2019
Re-versioned: February 2016?
What You’ll Learn
After completing this course, students will be able to:
-Explain what type of loan qualifies to be a private higher education loan under the Reg Z rules
-Explain what disclosures are required and when they must be provided
-Understand how the right to cancel applies to these types of loans
Audience: All branch personnel responsible for taking loan applications or speaking to customers about private higher education loans.
Prerequisites: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.