Reg E Prepaid Accounts


Describes how recent Regulation E amendments apply to prepaid accounts and how the amended Regulation Z (Truth in Lending Act) regulates any credit or overdraft features associated with prepaid accounts​

Created: Aug. 2017

Learning Objectives

After completing this course, students will be able to:

  • Define prepaid accounts
  • Explain the special "pre-acquisition" disclosures that must be provided with prepaid accounts
  • Describe the alternatives to the periodic statement requirement that include related procedures for resolving errors
  • Explain the requirement for agreements to be provided to the Bureau and posted on websites
  • Describe how Regulation Z treats prepaid accounts with credit features

Audience

All staff responsible for issuing prepaid accounts and “hybrid” prepaid accounts, including billing statements and error resolution. 


​Course Credits

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​​​Questions? Please contact training@aba.com for more information.​
 

 Benefits of Self-Paced Training

 
  • Ultimate flexibility
  • Quizzes to support learning
  • Mobile format available
 

 Frontline Compliance

 
This course is available to ABA Member banks at no cost under a license agreement. Learn more
 

 Registration & Pricing

 

Individual Purchase
ABA Member • $95
Non-Member • $130

 

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