Program Description:
The Truth in Savings Act provides consistency in the
way rates and disclosures are provided to clients.
Participants in this AIB course will learn how rate
information must be shared with clients, including
verbal rate quotes and marketing efforts. Participants
will also learn what disclosures are required and when
those disclosures must be given to clients opening
deposit account products.
After successfully completing this course, the student will be able to:
- Identify clients and accounts subject to disclosure
requirements
- Share rates as required by the Truth in Savings Act
- Provide the appropriate disclosure information within the timeframes outlined in the Truth in Savings Act
- Explain disclosure terminology
Who Should Attend:
Bank personnel who are responsible for opening new
accounts and quoting rates to clients.
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