Truth in Lending Act (TILA)
Course Description
In this course, participants will review the purpose of TILA, learn about creditors and loans regulated by TILA, explore required disclosures, and more. Students will review rescission rights, advertising requirements and prohibitions, and recent legislation implementing updated requirements for consideration of borrower repayment ability, qualified mortgages, higher-priced mortgage loans, escrow accounts and loan servicing.
30 Minutes
Series: Compliance Essentials
Roles: Mortgage Professionals, Mortgage Closer, Mortgage Loan Originator, Mortgage Processor, Mortgage Underwriter
Course Format: Online Self-Paced
Package: Compliance Essentials, Mortgage Advantage, Mortgage Complete, Mortgage Edge
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