Reg Z Private Education Loans
Course Number: ABA
Course Code: ABA
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. Explains the disclosure requirements for such loans and the applicability of the right to cancel.
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.