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TILA Rules for Non-Mortgage & Non-Credit Card Lending

Monday, July 31, 2017

12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

The Truth in Lending Act (TILA) requirements have been in a constant state of change since before the Dodd-Frank Act. Recent years have seen drastic changes in mortgage (TRID changes) and credit card compliance obligations (Credit CARD Act). Those changes add confusion to consumer lenders’ day-to-day operations. For example, questions often arise whether TILA changes impact the lender’s personal loans (closed-end or lines of credit), overdraft lines of credit, and vehicle loans, or otherwise require a procedure change.

This webinar session will review and analyze the TILA requirements for non-mortgage and non-credit card lending. Disclosure requirements – including change-in-terms for open-end credit – will be analyzed. Advertising requirements for both open-end and closed-end loans will also be covered. With all the TILA changes in other areas, this training session will go back to the basics to address the TILA and Regulation Z requirements for consumer loans.

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • TILA disclosure obligations for both open-end and closed-end consumer loans
  • Change-in-terms requirements for open-end lines of credit
  • Billing error disclosure obligations (initial, annual, and alternative options)
  • Requirements for handling payments and credit balances
  • Trigger terms and additional disclosure requirements for consumer loan advertisements

  • TAKE-AWAY TOOLKIT
    • Model language for billing error disclosures
    • Advertising checklist for promotional rate offers for lines of credit
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

WHO SHOULD ATTEND?

This informative session is designed for consumer lenders as well as operations, compliance, and audit personnel.

PLEASE NOTE: Program content is subject to copyright and intended for your individual financial institution’s use only.

MEET THE PRESENTER