| 1.
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Define the term consumer installment credit, and describe how consumer
attitudes, deregulation, and geographic/demographic trends affect
consumer lending. (I)
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| 2.
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Identify the types of institutions that offer consumer installment
loans, their market share, industry trends, and factors affecting
consumer loan demand. (I)
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| 3.
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List key laws or regulations affecting consumer lending, and explain
the purpose of Truth-in-Lending and the Equal Credit Opportunity Act.
(I)
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| 4.
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Define and compare the advantages between closed-end and open- end
lending. (II)
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| 5.
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Describe the functions of direct and indirect lending, and identify
the risks and benefits of leasing programs to the lender and the
consumer. (II)
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| 6.
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Explain each step of the lending process from marketing through
evaluation of the application, structuring the loan, completing the
documentation, and closing. (III)
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| 7.
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Identify the primary causes for consumer loan delinquencies and the
tools for remedying the problem. (III)
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| 8.
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Explain the purpose of a formal loan policy, and identify the
components of an effective policy. (IV)
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| 9.
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Evaluate the importance of planning and management control in the
administration of a successful consumer installment credit program.
(IV)
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