This course is a practical and hands-on coverage of the following topics: credit reporting; credit scoring; interest and its determination (minimum payments; amortization tables); qualifying for and obtaining a mortgage; predatory lending (HOEP; RESPA: TILA; UDAP); common consumer scams (rent-to-own; pay day loans; education); development of a spending plan (fixed, variable, periodic expenses); creating balance sheets and cash flow statements; methods of valuation; commercial finance terms (recourse; non-recourse; points; balloon payments negative amortization; secured; unsecured; no-load; acceleration; ipso facto clauses). Students are exposed to computer programs, real-life documents, simulations, and practical exercises through lecturing, PowerPoint presentations, group discussion, and problem solving in small groups. The goal is both to educate substantively and to make issues of personal and small business finance more approachable and understandable.
This practical skills course is offered in an intensive, two-day format, usually on a Friday and Saturday. Pass-fail final exam.
Recommended for the Following Professional Pathways: Family Law; Government/Public Sector; Immigration; Labor and Employment; Corporate Transactions and Governance; Financial Services and Compliance; Health Care Management and Compliance; Labor and Employment (Corporate Perspective); Real Estate and Land Use; Tax; Trusts and Estates; General Practice – Litigation/Dispute Resolution, General Practice – Transactional