Course
Description:

Fundamentals of Consumer Lending provides students with basic knowledge about consumer credit.  It covers terminology, basic categories of consumer credit, determining credit worthiness, and the application process.  It includes the origin of regulations protecting consumer credit transactions, and reviews specific regulations that apply to consumer credit.

Audience:

Personnel who currently sell or are otherwise involved in the consumer lending process.

Objectives:

At the conclusion of the program participants will be able to:

• Explain how banks make money from loans
• Describe the basic categories of consumer credit -- open-end, closed end, secured and unsecured
• Define basic credit terminology
• Describe the five C's of credit 
• Describe the application process and actions required to assure bank compliance with regulations.

Delivery Options:

This course can be delivered in the classroom and is available as a self-paced online course.