Reg Z Non Home Secured (Open-End Credit)


Description: Reg Z Non Home Secured (Open-End Credit) discusses types of open-end non-home secured lines of credit other than credit cards. The course reviews disclosure requirements, periodic statement requirements, change in terms notices, payment processing rules, and liability for non-compliance.

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 line of credit applications (such as overdraft lines of credit) 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:

  • Define open-end loans
  • Explain what account opening disclosures are required
  • Explain the requirements of periodic statement s
  • Describe the requirements of the change in terms notice
  • Explain the rules pertaining to payments on lines of credit