Reg Z Right of Rescission


This course explains the reasons for the right of rescission, disclosures required, how to calculate the rescission period and how to answer consumer questions concerning this right. New rules on a consumer's right to cancel a private education loan are also included.

Note: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.

Reviewed: April 2017 (no updates necessary)
Re-versioned: May 2016

Learning Objectives

After completing this course, students will be able to:

  • Determine when the rescission period begins and ends
  • Explain the rescission process to your clients
  • Answer some common customer questions about the rescission period

Audience

All branch personnel responsible for closing consumer private higher loans or loans secured by a consumer's primary residence.

​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

 

ABA Member • $55
Non-Member • $75

 

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