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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​

Updated: March 2018

What You'll Learn

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

ABA Professional Certifications: 1.0 CFSSP, CRCM​

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

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