AIB Course Code: 3670
Course Length: 16 weeks
Course Description:
This newly updated AIB course reflects the ways that banks do business and how they are affected by laws and regulations --- in plain English for the non-lawyer. It is devoted to the basic laws and banking regulations that govern deposit accounts, lending, real estate lending, bankruptcy, non-deposit products and services, international banking, marketing, safety and soundness, and information reporting.
Audience:
Personnel who are new to banking or require a refresher course on the legal basis for many banking services and transactions..
Learning Objectives:
After successfully completing this program, you will be able to:
- Discuss laws and regulations pertaining to deposit account relationships such as regulations D, E, Q, CC, and DD
- Explain legal protections afforded to consumers by such laws as Equal Credit Opportunity, Fair Housing, and Truth in Lending, and more
- Describe key laws affecting real estate transactions such as RESPA and HOEPA, and more
- Describe provisions of bankruptcy law covering liquidation, rehabilitation, and relief, and the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act
- dentify major laws and regulations governing bank trust, securities and insurance activities; marketing and international banking
- Describe major provisions of laws and regulations protecting bank operations such as regulations O and W
- Explain provisions of laws such as HMDA, Bank Secrecy Act, USA Patriot Act, Financial Privacy and OFAC regulations
Course Credits: AIB: 3.0; ICB: (CCTS, CLBB, or CRCM) 45.0
ACE College Credit Recommendation
In the lower division baccalaureate/associate degree category, 3 semester hours in Business Law
Textbook:
Law & Banking, 2005 , ABA (This textbook is used for both the Law and Banking: Applications and Law and Banking: Principles online courses. If you purchased the book for one of the courses, you should register for the second course without the textbook.)
Topics Covered:
- Deposits
- Consumer Lending
- Real Estate Lending
- Bankruptcy
- Trust, Insurance, and Securities
- International Banking
- Marketing
- Safety and Soundness
- Information Reporting
Prerequisites:
Law & Banking: Principles is highly recommended, but not required.
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