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.
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.