The Equal Credit Opportunity Act-Regulation B course teaches students to evaluate an applicant’s creditworthiness within the boundaries of the Equal Credit Opportunity Act. The course begins by describing the purpose and coverage of the ECOA, and then reviews what a bank and its employees must do regarding the taking and processing of loan applications, including acceptable factors. Students will learn about prohibited bases for evaluating in application and required notifications. The course concludes with a discussion of other bank compliance issues, including the requirements for reporting credit information, record keeping, and the consequences for noncompliance.

   Audience:  Any bank personnel involved in promoting loans, or gathering or processing information during the lending process.

    Learning Objectives

   At the conclusion of the program participants will be able to:

• Explain the purpose of the Equal Credit Opportunity Act and what it covers
• Describe what banks must do to comply with the ECOA when making credit available
• Describe what banks must do to comply with the ECOA when processing a credit application
• Identify reporting and record keeping requirements, as well as the consequences for noncompliance.

Enrollment Form

(Download and print from SER-CFT website, complete and fax to 904-354-1834)