Reg Z Right of Rescission
Course Number: ABA
Course Code: ABA
Explains the reasons for the right of rescission, disclosures required, how to calculate the rescission period and how to answer consumer questions concerning this right. Covers new rules on a consumer’s right to cancel a private education loan.
What You’ll Learn
After completing this course, students will be able to:
- Determine when the rescission period begins and ends
- Explain the rescission process to your clients
- Answer some common customer questions about the rescission period
Audience: All branch personnel responsible for closing consumer private higher loans or loans secured by a consumer's primary residence.
Prerequisites: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.