AIB Law and Banking: Applications
Course Code: 3670
Length: 16 Weeks
Audience: This course is designed for personnel who are new to banking or require a refresher course on the legal basis for many banking services and transactions.
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.
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
Text Book: This course usesLaw and 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.)
Recommended 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
Prerequisites: Law & Banking: Principles is highly recommended, but not required.
Enrollment: To enroll in this course, please click on the link below for the registration form. Print and complete the form and submit it to your supervisor for approval. Then submit the approved form to your human resources department for processing.