Regulation Z: TILA Advertising

Regulation Z, the Truth in Lending Act (TILA), was created to promote the informed use of consumer credit. It also offers protections for consumers’ credit transactions. The objective of this course is to understand certain details under Regulation Z, the Truth In Lending Act. These range from initial and final disclosure rules to the components for advertising and high cost loans.


The course covers the following objectives:

 - Define the Truth in Lending Act (TILA) and its purpose
 - Know the key terms associated with the Truth in Lending disclosure
 - Understand the disclosure requirements for an adjustable rate mortgage (ARM)
 - Learn the definition of a Higher Priced Mortgage Loan (HPML)
 - Define the Right of Rescission
 - Understand how mortgage advertising is regulated
 - Know High Cost mortgages under Section 32


The course covers the following topics:

 - How the Truth In Lending Act is important for mortgage transactions
 - Tips for explaining the Truth in Lending disclosure to a customer so he/she can understand it
 - Definitions for items found on the Truth in Lending disclosure, such as the Annual Percentage Rate (APR), Finance Charge, Amount Financed, and Total of Payments
 - Timing requirements for submitting the Truth in Lending disclosure to a customer
 - Tolerance rules for accuracy and re-disclosure of the Truth in Lending disclosure
 - How to differentiate a Higher Priced Mortgage Loan from other transactions
 - Process for the Right of Rescission and what it means for a customer
 - Advertising requirements under the Mortgage Acts and Practices Act
 - How to differentiate a High Cost Loan from other transactions


This course is intended for loan originators, processors, underwriters, and compliance professionals. As a prerequisite to all Indecomm Mortgage U classes, students must have a high school diploma or a GED equivalent and be at least 18 years of age.


This is a dynamic course that uses interactive tools, knowledge checks, helpful checklists, real life examples and easy to follow guidance to navigate through the Good Faith Estimate. A quiz at the end of the course helps to make sure the concepts presented were well understood. Don’t miss out on this opportunity!


Register today by calling 800-278-0200.