Reg Z Installment and Home Equity Loans (Closed-End Credit)
Description: Reg Z Installment and Home Equity Loans (Closed-End Credit) describes closed end adjustable rate and fixed rate closed-end lending, including installment loans and home equity loans and the requirements for both.
Note: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.
Audience: Branch staff (lenders, CSRs Call Center, personal bankers) who takes consumer loan applications or discuss loan products with consumers. For some banks, this course may also be applicable for tellers making referrals to the platform.
Learning Objectives: After completing this course, students will be able to:
- Describe the features of closed-end loans and the required disclosures for variable and fixed rate credit
- Describe the features of home equity loans
- Examine the rules and disclosures for home equity loans