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Truth in Lending Update $ 99.00 Original price was: $99.00. $ 79.00Current price is: $79.00.
Course Outline
TILA Definitions Part a
TILA Definitions Part B
TILA Review
Advertising Requirements
Permissible Finance Charges
APR Tolerances
Disclosed Finance Charges
Learning Objectives
To understand what is beneath all laws and regulations on lending
To understand what is loan “consummation”
To understand what TILA applies to
To understand what loans covered under TILA
To understand the definition of a “PERSON” under TILA
To know how to comply with TILA
To know important definitions under TILA
To know the what the definition of “Application” is under TILA
To understand how loans for personal or family purposes is defined
To understand the definition of dwellings under TILA
To understand TILA advertising restrictions
To understand what are triggering terms in advertising
To understand what advertisements requires additional disclosures
To understand critical criteria of multi-page ads
To understand what are TILA permissible finance charges
To understand which third party fees for conducting closings are considered finance charges
To know how to determine if the APR is correct
To understand TILA permissible tolerances
To understand what makes a finance charge accurate
To know purpose of identifying finance charge violations
To understand how APR is used by consumers to compare between lenders when shopping
To understand how to disclose Finance Charges on Initial LE
To understand “Zero Tolerance” for origination fees and other charges borrowers cannot shop for
To understand the issues that arises from overstated finance charges
To understand the relationship between federal and state laws controlling mortgage originators.
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