SYLLABUS

 FIN 1210-760

CONSUMER LENDING
 

Instructor Information:

COURSE  DESCRIPTION

An introduction to the fundamental principles of extending consumer credit. Topics include studying and practicing taking loan applications, verifying credit histories, evaluating credit reports, making credit decisions, processing and disbursing the loan, and recognizing the importance of collateral, exercises in computing interest charges and rebates, insurance of consumer credit, pricing of loans, collections, and consumer compliance. 

TEXTBOOK

Consumer Lending, Richard E. Beck, Jr., Sixth Edition, American Bankers Association.             

 ISBN 0-89982-630-X

Disclaimer: Textbooks frequently change editions, so please be sure to check with the school bookstore to verify the current ISBN of textbook before purchasing the textbook.

Reference Materials: Various publications, case studies, and forms from lending institutions, and the Federal Reserve System.

COURSE OUTCOMES

Course outcomes will be pursued through a combination of lecture, class discussion, and written assignments. Students will participate in activities designed to enhance their abilities in communication, critical thinking, and problem solving.

After completing BNK 1210, students should be able to:

1. Describe basic consumer loans.

2. Provide an overview of the credit evaluation process.

3. Calculate and interpret basic consumer loan interest rates.

4. Discuss the consumer loan collection and recovery process.

Course Competencies That Support Outcomes:

Using a calculator and materials provided by the instructor, the students should be able to:

1.  Discuss the history of credit.

2.  Identify and describe the consumer lending markets.

3.  Briefly describe major regulations pertaining to consumer lending.

4.  Explain the characteristics of the basic types of consumer loans.

5.  Discuss the process of developing and generating loan applications.

6. Evaluate a simple loan application, document the findings, and render and defend the decision.

7.  Read, interpret, and explain a basic credit bureau report.

8.   Compute an interest rate by using the Federal Reserve Functional Cost Analysis.

9.   Explain the purpose of loan policy.

10. Discuss the collection and recovery process associated with consumer loans.

Topics to Be Covered:

1. Evolution of Consumer Credit

2. The Credit Market

3. Regulation of Consumer Credit      

4. Closed-End Loans

5. Direct and Indirect Loans    

6. Open-end Loans

7. Loan Applications

8. Credit Investigation - Cs of Credit

9. Credit Evaluation and Decision Making

10. Loan Profitability

11. Loan Structuring

12. Loan Collections

COURSE  CALENDAR

The Semester Calendar establishes deadline dates this semester for completing various assignments, such as: textbook chapters, tests, exams, and essays.

• There will be 4 tests, 11 HW assignments, a "mini cases" analysis, and a term project.

All TESTS must be taken in the Testing Center on the Nashville State campus. 

Test questions for each of the online tests will come from material covered in the textbook. In order for the online tests to be proctored, you must take them in the Testing Center in the Library on the Nashville Tech campus or at a Nashville Tech off-campus site. Testing Center hours are: 8:00 a.m.-7:30 p.m. Monday - Thursday, 8:00 a.m.-4:30 p.m. on Fridays, and 9:00 a.m. until 2:00 p.m. on Saturday (video and web students only on Saturday). Please call me with any questions. You must have a photo I.D. to take tests in the Testing Center. Tennessee Board of Regents rules and regulations require that no children under 12 years of age will be allowed in the Testing Center.

The online tests are timed and ONE attempt is allowed. You will be allowed two hours to complete a test. You may use one page of NOTES for each test (8 1/2 X 11, both sides).

Tests will be mainly True/False and Multiple Choice questions.  There may also be 1 or 2 short answer questions on each test. 

NOTE:  Tests and exams will not be available after the deadline published in the Semester Calendar. Missed tests will receive a grade of zero. There will be a five point per day grade reduction for late tests in the unlikely event that an extension is approved. Clearly, this is to encourage you not to procrastinate until the deadline.

HW assignments and Tests will only be extended with the approval of the instructor. So stay on schedule and avoid such penalties.

ALL COMMUNICATIONS should be done in a professional manner.  Use complete, well thought-out sentences with no grammatical errors.  I suggest that you read Etiquette for Email.  You will also find this link on my web site.

• Office E-mail: Valerie.Stroop@nscc.edu
• My Homepage:  http://ww2.nscc.edu/stroop_v

Note:  I will use the "internal" E-Mail for all messages to students. You are to check your messages on a daily basis.

***It is the student’s responsibility to check D2L and MyNSCC email on a regular basis.  These are the official communication channels between the college and students. Students are responsible for the information communicated through those channels.  D2L contains specific course information and MyNSCC contains information important for other purposes.

HONESTY
Plagiarism, cheating, and other forms of academic dishonesty are prohibited. Students guilty of academic dishonesty, either directly or indirectly through participation or assistance, are immediately responsible to the instructor of the class. In addition to other possible disciplinary sanctions which may be imposed through the regular institutional procedures as a result of academic misconduct, the instructor has the authority to assign an “F” or a “zero” for the exercise or examination or to assign an “F” in the course.

WITHDRAWING FROM COURSE/COLLEGE
A student must officially withdraw from a course/college. If a student quits attending class and an official withdrawal has not been processed, the student will fail the course with an F grade. Please refer to the most recent Nashville State Tech catalog for information on withdrawing.

EXCESSIVE ABSENCES/MISSED ASSIGNMENTS
If a student misses more than two assignments or tests, the instructor may assign a semester grade of F for the course.

CALENDAR