Description
This course describes the Regulation E provisions that apply to prepaid accounts, including payroll cards, and the requirements to provide disclosures and periodic statements.
What You’ll Learn
After completing this course, students will be able to:
- Define a prepaid account
- Explain the special “pre-acquisition” disclosures for prepaid accounts
- Describe the alternatives to the periodic statement requirements and to procedures for resolving errors
- Describe how Regulation E treats prepaid accounts with credit features
