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Professional Development Online Self-Paced

Review of the Electronic Fund Transfer Act

Included with Mortgage HQ Subscription

The professional development course is included with a Mortgage HQ subscription. Learn More

The Electronic Fund Transfer Act (EFTA was enacted in 1978 to protect individual consumers engaging in electronic fund transfers (EFTs). The primary purpose of the EFTA is to provide a basic framework establishing the rights, liabilities, and responsibilities of participants in electronic fund transfer systems. This professional development online course explores the various provisions of the EFTA, including disclosures required under the law, provisions surrounding consumer liability and error resolution, requirements related to receipts and periodic statements, overdraft protection, and penalties for violations of the EFTA.
$49.00
SKU 4306US00250A00
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  • 24/7 access to your course online
  • Certificate of completion

What You'll Learn

  • Persons regulated by the Electronic Fund Transfer Act
  • Key terms and required disclosures under the law
  • Provisions surrounding consumer liability and error resolution
  • Requirements related to receipts and periodic statements, overdraft protection, and other relevant topics
  • Penalties for violations

How it Works

This is an online self-paced course that allows you to study the course material independently and at your convenience. Access to a computer with internet access is required. This course is supported on most computing devices, including desktop and laptop computers, tablets and cell phones.

State Requirements

Professional development courses are not required by any state. These courses are designed to help you advance your career, grow your business and make the commitment to lifelong learning.

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