Home Equity (Open-End) Credit        




This course reviews the rules governing open-end home equity credit offered to consumers under Reg. Z. It will help you understand what open-end credit is and how a "line of credit" tied to a borrower's home equity works. You will learn the specific disclosures that must be provided to borrowers and how to respond to customer questions about home equity lending. You will also become familiar with the lending restrictions that apply to home equity lines of credit and rules governing the advertising of this type of credit.


1 Hour(s)


  • Gain an awareness of open-end credit and how it works.
  • Become familiar with the key disclosure requirements unique to home equity loans and when they are triggered.
  • Understand the compliance process that should be followed when working with a home equity borrower.
  • Be aware of the lender restrictions that apply to home equity lending.

     90B3R4.2

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