Regulation M: Consumer Leasing Act
Seat Time: 0.25hrs
This course will introduce the learner to Regulation M, otherwise known as the Consumer Leasing Act. The learner will be instructed on the definition of leasing language, specifically "lease," "consumer lease," "lessee," "lessor," and more. After completing this program, the learner will understand:
- Basic definitions of leasing language.
- Requirements with disclosure forms and disclosure content.
- When leases can be renegotiated and extended.
T1. Regulation M: This topic will familiarize the learner with Regulation M, which defines leasing language, and will define lessees, open-ended and closed-ended leases, consumer leases, disclosure forms, and more.