Getting to Know the Truth in Lending Act
Covering the basics of the Truth in Lending Act (TILA) for closed-end mortgage loans. Upon completion of this course, you will understand which Truth in Lending Act disclosures apply in differing transactions and which situations may require additional consideration for disclosure.
What will I learn?
Upon completion of the course, students will be able to:
- Define key TILA disclosure terms
- Describe the form and timing of Truth in Lending Act disclosures
- Identify high-cost mortgage loans (Section 32)
- Explain the requirements for subsequent disclosures
- Explain correction of errors and consequences of non-compliance
35 minutes (approximate)
How it works
Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles, real world examples, and, where appropriate, video and/or audio recordings of industry experts.
The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. While course completion time varies per student, it will take approximately one hour to complete most courses.
Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.
*Restrictions apply. If your staff size exceeds 250, please consider the Enterprise AllRegs Education Package.