2023年3月20日 · Regulation Z impacts all consumer credit including mortgages, home equity, car, and personal loans as well as credit cards. In addition to disclosures, it imposes limitations on home equity plans, addresses certain charges applicable to credit cards, and regulates certain practices with regard to private education loans.

Explains the basics of Regulation Z, along with the applicability and coverage of Reg Z and what types of transactions are not covered. Explains key terms used in Reg Z and the types of finance charges and items excluded from finance charges. Note: This course is the mandatory prerequisite for all other Reg Z frontline compliance courses.

Section 1026.11(a)(3) of Regulation Z states that when there is a credit balance in excess of $1, the creditor shall attempt to refund any part of the credit balance remaining within six months. If there are subsequent purchases or transactions, may the creditor "restart" the clock? For example, if a payment received on June 8 results in a $750 credit balance and there is a $200 …

2025年2月19日 · Consumers will receive two statements each month – one under Reg. Z (for the overdraft “credit” feature on their account) and another for the deposit account (in compliance with Reg. DD), further adding to consumers’ confusion. Customers value overdraft in part because of its convenience, and this process will be anything but convenient.

Reg Z: TILA-RESPA Integrated Disclosures (TRID) for Compliance Professionals This course explains the specialized TILA-RESPA Integrated Disclosure rules related to the terms and costs, along with important timing requirements and other restrictions, for certain consumer-purpose mortgage loans.

Regulation Z (Truth in Lending Act) requires a Loan Estimate and Closing Disclosure that itemizes settlement services for closed-end, consumer purpose loans secured by real estate. May origination charges that include services provided by other entities, such as the investor’s tax transcript fees, be listed as a lump sum paid to the bank, or must they be itemized separately …

During an internal compliance audit of Regulation Z, the auditor found a few instances in which the seller’s prepaid property taxes to be paid by the buyer were not disclosed on the Loan Estimate (LE) but were accurately disclosed on the Closing Disclosure (CD). Is the bank required to disclose prepaid property taxes on the LE even if it is unsure whether the loan will close …

Regulation Z (Reg Z), which implements the federal Truth in Lending Act (TILA), requires creditors to conduct an Ability to Repay (ATR) analysis for certain types of closed-end mortgage loans. Evaluating a consumer’s ATR is complicated and can result in significant liability to the creditor if performed incorrectly.

Explain the Regulation Z requirements for adjustable-rate mortgages (ARMs), higher-priced mortgage loans (HPMLs), and Section 32 (high-cost) mortgage loans; Identify the right of rescission provisions established by Regulation Z; Describe the Regulation Z rules related to advertising, loan originator compensation and homeownership counseling

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