MCOB - Disclosures Course

The Mortgage Conduct of Business (MCOB) for Disclosures applies to businesses involved in home finance transactions. Activities include giving advice, providing amount-specific information, entering into, varying the terms of or administering a home finance transaction.

MCOB for Disclosures covers the disclosure requirements for these transactions, including mortgage contracts and home purchase plans.

Our MCOB for Disclosures Course explains the FCA's business rules for pre and post-sale disclosures in the home finance business.

About this Course

This SCORM-compatible course is part of our FCA Compliance Library.

Learning Objectives

This course will prepare your employees to:

Identify the disclosure rules that apply at the pre-application, offer and after-sales stages
Recognise when illustrations are required and what their format and content should be
Identify the information that must be provided in annual statements and as a result of specific events
Explain the rules on record-keeping in respect of disclosures

Latest Course Updates

Course redesigned with a more modern feel
Full review conducted by an FCA expert
Text & image updates throughout the course

Course outline

Welcome

Introduction

Pre-application disclosure

- Exercise: Pre-application disclosure
- When are illustrations required?
- Checklist: Illustrations
- Exercise: Pre-application disclosure
- Exercise: Marketing information illustrations?
- Key messages
- Range of products
- Exercise: Product range disclosures
- Pre-application disclosure

Content of the ESIS pre-application illustration

- Exercise: Providing an ESIS
- Pre-application illustrations for other products

Disclosure at the offer stage

- Affordability assessments in mortgage offerings
- Disclosing charges in the offer document
- Offer stage disclosures for other products

After-sale disclosures

- Disclosure at the start of the contract
- Annual statements
- Event-driven information
- After-sale disclosures for other products
- Further advances

Summary

Affirmation

Assessment

Course Specifications

Structure

Approximately 30-minute long e-learning course followed by a 9-question assessment.

Audience

Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.

Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.

Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.