The federal banking agencies have proposed an amendment to Regulation Z that would require a new early disclosure statem
Posted: Tue Mar 08, 2022 10:31 am
The federal banking agencies have proposed an amendment to Regulation Z that would require a new early disclosure statement for loans secured by the borrower"™s principal dwelling. After reading the proposed change, what should the compliance professional do FIRST?
A. Establish a task force to study the proposed rule.
B. Contact the bank"™s platform software vendor to determine whether it will be ready for the change NOTES
C. Prepare a summary document that outlines the effects the proposed rule would have on the bank"™s operations
D. Train bank staff on the new rule
A. Establish a task force to study the proposed rule.
B. Contact the bank"™s platform software vendor to determine whether it will be ready for the change NOTES
C. Prepare a summary document that outlines the effects the proposed rule would have on the bank"™s operations
D. Train bank staff on the new rule