"As of Oct. 3, 2016, financial institutions were required to be compliant with the July 2015 Final Rule that expanded the breadth of coverage to a broader range of closed-end and open-end credit products," said Jeff Kelly, vice president of governance, risk & compliance at OnCourse Learning. "Our new MLA course provides education for staff and peace of mind for business compliance officers who know staff has been effectively trained on the new requirements."
The course topics include the following:
Understanding general requirements of the MLA;
Determining covered borrowers, such as military borrowers, who include active service duty members and their dependents;
Identifying covered transactions, such as:
non-mortgage related consumer,
Verifying whether covered borrowers qualify;
Realizing limitations and restrictions set by the MLA;
Understanding possible penalties and civil enforcement to mitigate risk.
For media inquiries, contact: Deborah Filipek, Media Relations Manager 847-908-8017 [email protected]
About OnCourse Learning
OnCourse Learning delivers licensure, regulatory and compliance education solutions throughout the nation's leading industries including financial services, healthcare and real estate. Through trusted industry expertise, compliance management and technology solutions, OnCourse Learning focuses on advancing the e-learning environment for individuals and businesses to help to build new careers, empower employees through knowledge and identify efficiencies in corporate training management. OnCourse Learning offers a full suite of educational products including state and federally approved prelicensing and continuing education programs, accredited course content, exam prep tools, publications, e-books, events and a sophisticated and customizable learning management system and course-authoring tool. To learn more, visit OnCourseLearning.com.