Compliance Training: Consumer Lending

Course Objectives:

Provide an understanding of the purpose of the Equal Credit
Opportunity Act and Regulation B; the types of transactions
and creditors covered by the law; and the regulatory rules for
taking and evaluating credit applications, extending credit,
notifications of action, credit information reporting, information
collection, and enforcement and liability
Provide an understanding of the purpose of the Truth in
Lending Act and meaning of finance charge; general
disclosure requirements; rules for credit card solicitations;
requirements for home equity plan disclosures; disclosure
statements for open-end and closed-end credit; periodic
statements for open-end credit; advertising rules; and
enforcement and liability
Summarize the legal requirements for an institution's
community reinvestment public file and public notices
Discuss the servicemember Department of Defense
Talent Amendment covering consumer loans

Target Audience: Consumer lending personnel and personnel
responsible for compliance in the area of consumer lending

Study time: 2 hours

Author:Staff Digital University, Inc.

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