Real Estate Settlement Procedures Act (RESPA) for Compliance Professionals

Course Number: ABA

Course Code: ABA

Provides a complete overview of the Real Estate Settlement Procedures Act requirements, including disclosure requirements and anti-kickback provisions. Explains the early disclosure requirements and tolerances, escrow disclosures, the Affiliated Business Arrangement Notice, requirements for loan servicers, and practices to avoid.

Updated: July 2018

What You’ll Learn
After completing this course, students will be able to:

-Identify loan transactions that are covered under RESPA
-Explain the timing and content of application and settlement disclosures
-Identify requirements for loan servicers in all aspects of servicing a mortgage loan
-Describe activities and business practices prohibited under Section 8 and the consequences of a violation

Audience: Compliance professionals including compliance managers, officers, and other compliance team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, auditors and lending compliance professionals.

Prerequisites: None

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Member Price: $275.00
Non-Member Price: $375.00
Textbook Charge: $0.00

Credits: 2.5 CRCM

Length: 2 hours

ABA Training