Description
Reviews the closed-end portion of Regulation Z, including key terminology and requirements for disclosures provided before and during loan consummation. The course explores the features of high-cost mortgages, higher priced mortgages and qualified mortgages.
What You’ll Learn
After completing this course, students will be able to:
Explain coverage under Regulation ZCalculate the finance charge and amount financedDescribe the difference between the annual percentage rate (APR) and the interest rateExplain the timing and format of early disclosures, and items that must be included with transaction disclosuresDescribe the characteristics of high cost mortgages, higher priced mortgages and qualified mortgages
