| | Searching Current Courses For Fall 2016 |
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Course: |
FIN 205
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Title: | Consumer Lending |
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Long Title: | Consumer Lending |
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Course Description: | Provides an introduction to the field of consumer credit and consumer lending activities performed by savings association personnel. Designed for students with little or no background in consumer credit. |
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Min Credit: | 2 |
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Max Credit: | |
STANDARD COMPETENCIES:
I. Acknowledge legal and ethical standards of performance.
II. Compare the general characteristics of different loans.
III. The communication process of closing each loan.
IV. The utilization of different types of loans.
V. The actual calculation of the loan.
VI. How to translate different loans into buyer benefits.
VII. Recognize the sources of information needed to quality a loan prospect.
VIII. Different techniques used to handle customers concerns.
IX. Simple vs. compound interest.
X The balloon loan.
XI. Prepare and analyze consumer loan documentation.
XII. Understand consumer compliance laws as related to Consumer Lending.
TOPICAL OUTLINE:
I. Standars of Performance
A. Legal
B. Ethical
II. Loans
A. Characteristics
B. Closing Process
C. Types
D. Calculations
III. Buyer Benefits
IV. Sources of Information for Applicant
V. Customer Concerns
VI. Simple vs. Compound Interest
VII. Balloon Loans
VIII. Consumer Loan Documentation
A. Prepare
B. Analyze
IX. Consumer Lending Laws
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Arapahoe Community College |
ACC |
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