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Reg Z Adjustable Rate Mortgages

Description: Reg Z Adjustable Rate Mortgages covers the features, benefits, advantages and disadvantages of adjustable rate mortgage loans. Regulation Z disclosure requirements for ARMs are discussed.

Note: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.

 

Audience: Any branch staff who discusses mortgage products with consumers or who take mortgage loan applications.

 

Learning Objectives: After completing this course, students will be able to:

  • Examine why ARMs may or may not be the best option for consumers  
  • Describe the four components of an ARM
  • Identify the disclosure requirements of an ARM 

Commands