Reg B: Notifications

$35.00

SKU: 10373 Category: Tag:

Description

Describes the notices banks must provide when they approve or deny consumer and business credit applications, respond to credit applications with counteroffers, receive incomplete applications, make unfavorable changes to or close existing accounts, and act on third party applications. Clarifies the timing requirements for these notices and explains actions banks must provide when an application is withdrawn.
What You’ll Learn
After completing this course, students will be able to:

  • Explain banks responsibilities to notify applicants about counteroffers
  • State notification requirements in the event of incomplete or withdrawn applications
  • Explain the notices required when banks make unfavorable changes to or close existing accounts
  • Describe how creditors must provide notifications when they act on third party applications
  • Additional information

    Audience

    Bank personnel who take and process loan applications.

    Length

    Approximately 15 minutes

    Credits

    0.50 CLBB, CRCM

    Member Price

    35.00

    Non-Member Price

    55.00

    Course Number

    ABA

    Location

    Online Self-Paced

    Vendor

    ABA

    Course Code

    ABA

    Prerequisites

    None

    Day

    Online

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