Reg Z Right of Rescission
Description: Reg Z Right of Rescission explains the reasons for the right of rescission, disclosures required, how to calculate the rescission period and how to answer consumer questions concerning this right. New rules on a consumer’s right to cancel a private education loan are also included
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 closing consumer private higher loans or loans secured by a consumer’s primary residence.
Learning Objectives: After completing this course, students will be able to:
- Determine when the rescission period begins and ends
- Explain the rescission process to your clients
- Answer some common customer questions about the rescission period