This course helps compliance professionals develop a strong understanding of financial institution compliance with the Truth in Lending Act (TILA) and Regulation Z particularly as it relates to closed-end non-mortgage credit. Along with learning which types of loans and lines of credit are covered or exempted from the regulation, the course details the proper and timely disclosure elements for covered loans, including specific information such as: finance charges, annual percentage rate, pre-paid finance charges and related exceptions. The course also covers special provisions for loans secured by real estate and disclosure requirements for refinancing. In addition, the course addresses Regulation Z requirements for advertising closed-end credit.
What You’ll Learn
After completing this course, students will be able to:
- Describe the overall organization of Regulation Z provisions
- Identify the types of closed-end non-mortgage loans that are covered by or exempted from Regulation Z
- Explain the timing and format requirements for closed-end credit disclosure documents
- Describe the requirements for finance charge disclosures
- Explain how to properly disclose pre-paid finance charges to borrowers
- Identify when refinanced loans require disclosures
- Describe Regulation Z advertising requirements for closed-end loans
Compliance and risk management professionals including compliance managers, officers, and other team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, and auditors.
ABA Professional Certifications: 1.50 CRCM
Carl Pry, J.D. CRCM, CRP
Carl Pry, Managing Director of Treliant, is a seasoned executive with banking law, corporate finance, and regulatory compliance experience in Fortune 500 financial institutions, regional banks, and industry consulting firms. He advises clients on commercial compliance, fair lending, corporate treasury, and risk management.
For more than 25 years, Carl has held senior leadership positions at KeyBank, Accenture, and Kirchman Corporation. He serves on the Editorial Advisory Board and contributes to the ABA Bank Compliance magazine. He has led many training sessions and examiner classes across the country and been the featured speaker for numerous banking, compliance, and state bar associations. Carl has also authored training programs covering consumer and commercial compliance, audit, quality control, tax, privacy, and risk management.
Created: March 2022