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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.

Updated: January 2018
Re-versioned: May 2016

What You'll Learn

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.

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

Course Credits

ABA Professional Certifications: 0.75 CRCM, CLBB​​​​

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

 

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