This course covers the rules and requirements for employees who have job functions relating to ECOA.
ECOA and Regulation B compliance training course have specific requirements for adverse action notices. The required elements, listed in 12 CFR 202.9 include that the notice provide the creditor's name and address, a statement of the action taken, a list of the principle and specific reasons for the adverse action, and the ECOA notice. This training will provides information regarding the requirements under ECOA and when adverse action notices apply.
This course is a section-by-section review of Regulation B. We'll start by describing the classes that are protected from discrimination in lending and compare it to the Fair Housing Act. Then we'll go through the important sections of ECOA, starting with § 1002.2 and ending with § 1002.16.
At the end of the course is a 20-question final exam. The exam is not timed and requires a 75% or higher passing score. Failed attempts can be retaken until the minimum score has been achieved.
This course will remain available to students for 365 days after enrollment.
|Vocational Training > Mortgage > Core Compliance Training
To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.