Course

Course Summary
Credit Type:
Course
ACE ID:
ABAN-0169
Location:
Classroom-based
Length:
10 weeks (28 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Business Law or Business Administration
Description

Objective:

The course objective is to present the underlying legal structure for conducting the business of banking. It covers key legal requirements affecting banks and bankers, as well as core language that must be understood to be effective. It provides the critical legal knowledge that every banker should know. The course is a revision to two previous courses: Law and Banking: Application and Law and Banking: Principles.

Learning Outcomes:

  • Provide a foundation for determining safety and soundness requirements to provide protection to the bank
  • Understand the basic foundation for transaction processing and deposits
  • Identify the key areas that encompass the legal risks banks face
  • Establish a framework for sound practices and understanding of financial transactions and their requirements

General Topics:

  • Introduction to law and banking
  • Torts and crimes
  • Individuals, sole proprietorships, agencies, and partnerships
  • Corporations, LLCs, government agencies, estates, and trusts
  • Contracts
  • Property
  • Negotiable instruments
  • Collections and returns
  • Corporate responsibility
  • Deposits
  • Consumer lending
  • Bankruptcy
  • Trust, insurance, and securities
  • International banking
  • Marketing
  • Safety and soundness
  • Information reporting
Instruction & Assessment

Instructional Strategies:

  • Computer Based Training
  • Discussion
  • Practical Exercises

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

70%
Supplemental Materials