Description: The purpose of this course is to provide an overview of the structure and core requirements of Regulation Z, as well as exercises to aid in complying with the regulation. Regulation Z, which implements the federal Truth in Lending Act (TILA), promotes the informed use of credit among consumers. Students will learn about the open-end portion of Regulation Z, including history, purpose, coverage, and disclosures. Students will also learn about rules relating to billing errors, crediting payments, credit balances, and advertising.  

Students will learn through a combination of instructor videos, exercises, readings, glossaries, self-assessments and more. Students will complete the course with a final exam to earn Certified Regulatory Compliance Manager (CRCM) credits.

Audience: Compliance professionals including compliance managers, officers, and other compliance team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, auditors and lending compliance professionals.

Learning Objectives: After completing this course, students will gain a fundamental understanding of Regulation Z Open-End Credit and learn how to:

• Describe the history and purpose of  Regulation Z
• Identify credit transactions covered under Regulation Z
• Explain disclosure requirements for applications and solicitations, account opening, change in terms, periodic statements, and other subsequent disclosures
• Describe requirements for billing error resolution, crediting of payments, and treatment of credit balances
• Explain advertising rules for HELOCs, not home secured transactions, and marketing to college students