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