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OD: Complying with the New Truth-in-Lending Act Rules for Education Loans

Recorded February 5, 2010

Overview

New Federal Reserve Board rules on private education loans affect most colleges and universities. Institutions need to be prepared to provide students with self-certification forms for loans that they obtain elsewhere and to comply with complex consumer disclosure requirements for loans made or administered by the institution. A legal expert will explain the changes to the Truth-in-Lending Act rules, also known as Regulation Z, and campus professionals discuss operational issues.

This webcast is co-hosted by the National Association of Student Financial Aid Administrators and the National Association of College and University Attorneys.

Sponsored by:

What You Will Learn:

• Understand the expansive definition of “private education loan” and the exceptions to it
• Discover the steps that you need to take to comply with self-certification, disclosure, and delayed disbursement requirements
• Learn how your tuition payment plans may be affected
• Understand timing constraints and consumer rights
• Review new rules governing relationships between institutions and private lenders, including restrictions on co-branding and revenue sharing

Who Should Participate?

• Bursars
• Business officers
• Student financial aid administrators
• Student financial services directors
• General counsel
• Staff with responsibilities for student loanss

Meet the Presenters:

• Arthur J. Rotatori, Esq., McGlinchey Stafford PLLC
• Jill King, Associate Director of Compliance, University of Vermont
• Linda Sigh, Associate Director for Aid Programs, Michigan State University

Course Information:

• Course Level: Overview
• Length: 100 minutes
• Prerequisites: none

  Fees

  Member: $0.00
  Non-Member: $49.00