AFIP Certification Study Group - Session I (10:00 am CST - CENTRAL TIME)

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Dial in: 877.818.7033 Conf Code: 3515513755

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AFIP’s “Study Group” series consists of three 90-minute conference calls each month, with each session covering a third of the course. The topics for each session are listed below. The study groups address key points required to pass the AFIP certification exam, with an emphasis on the “how” and “why” of the regulations – which makes them easier to remember and apply to daily routines. The sessions also provide an opportunity for questions and discussion.

If you take advantage of all three study sessions and the final exam review, you’ll benefit from 6.5 hours of assisted study support. Candidates who participate in the study groups score higher on the certification exam.

You are not required to take the sessions in order – if you miss one you can participate the next time it’s offered. David Robertson, AFIP Executive Director, will facilitate the Study Groups.

Study Group Outline

Session I

Segment 1. Getting Started & Understanding the Law

Segment 2. Contracts

Segment 3. The Truth in Lending Act – Regulation Z (Includes the Holder Rule)

Segment 4. The Consumer Leasing Act – Regulation M

Segment 5. Information Common to Regulation Z & Regulation M

Session II

Segment 1. The Equal Credit Opportunity Act – Regulation B

Segment 2. The Fair Credit Reporting Act

Disposal Rule

Risk-Based Pricing Rule

Red Flags Rule

Adverse Action Notice (Includes ECOA / Reg. B)

Segment 3. The Gramm-Leach Bliley Act

Financial Privacy Rule

Safeguards Rule

Segment 4. The FTC Used Car Rule (FTC Buyers Guide)

Segment 5. The Credit Practices Rule

Segment 6. The IRS 8300 / FinCEN 8300

Session III

Segment 1. OFAC – The Office of Foreign Asset Control – USA PATRIOT Act

Segment 2. The Do-Not Contact Rules

Do-Not-Call Rule

Do-Not-Fax Rule

Do-Not-Email Rule

Segment 3. The Magnuson-Moss Warranty Act

Segment 4. Aftermarket Products

Vehicle Service Contracts

Credit Life and Credit Disability Insurance


Segment 5. The Federal Odometer Act

Segment 6. Credit History Report Practices

General Information – FICO Auto-Enhanced Credit Score

“Soft-Pull” Method

Segment 7. E-SIGN ACT

General Information

“Delivery of Copies a Customer Can Keep”

Segment 8. Ethics Module

Segment 9. State Law Overview

Questions and Open Discussion

Final Review

Two AFIP Examination final reviews are scheduled each month. Go to to view the calendar or check the upcoming reviews posted in eventbrite and register to attend. Each final review runs around 2-3 hours and will cover the state exam.

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Dial in: 877.818.7033 Conf Code: 3515513755

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