Reg Z Private Higher Education Loans
Description: Reg Z Private Higher Education Loans discusses the amendments to Reg Z that apply to any closed-end, non-home secured loan extended expressly, in whole or in part, to be used for post-secondary educational expenses. It discusses the disclosure requirements for such loans and the applicability of the right to cancel.
Note: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.
Audience: All branch personnel responsible for taking loan applications or speaking to customers about private higher education loans.
Learning Objectives: After completing this course, students will be able to:
- Explain what type of loan qualifies to be a private higher education loan under the Reg Z rules
- Explain what disclosures are required and when they must be provided
- Understand how the right to cancel applies to these types of loans