Truth in Savings Act - Regulation DD provides consistency in the way rates and disclosures are provided to clients. Participants in this course will learn how rate information must be shared with clients, including verbal rate quotes and marketing efforts. Participants will also learn what disclosures are required and when those disclosures must be given to clients opening deposit account products.
| Price |
$130 Nonmembers / $95 Members |
| Course Credits |
AIB: 0 ; ICB: 1.0 (CRCM) |
| Prerequisites |
None |
| Required Software |
None |
| Optional Software |
Adobe Acrobat Reader and RealPlayer |
Audience
Bank personnel who are responsible for opening new accounts and quoting rates to clients
Learning Objectives
After completing this course, students will be able to:
- Identify clients and accounts subject to disclosure requirements
- Share rates as required by the Truth in Savings Act
- Provide the appropriate disclosure information within the timeframes outlined in the Truth in Savings Act
- Explain disclosure terminology
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