Real Estate Settlement Procedures Act (RESPA) Overview

$95.00

  • Total

SKU: 10286 Category: Tag:

Description

The Real Estate Settlement Procedures Act (RESPA) Overview Frontline course provides information about consumer protections during the home buying process. The course identifies the types of loans RESPA and its implementing regulation, Regulation X, cover and the disclosures they require. The course discusses the prohibition against certain kickbacks and unearned fees, the prohibition of sellers of residential real estate to require use of a certain title company, and the prohibition against charging a fee for the preparation of any RESPA or Truth in Lending Act (TILA) disclosure. It also provides an overview of the general responsibilities for servicing the mortgage loan during the life of the loan.

What You’ll Learn

After completing this course, students will be able to:

  • Discuss key elements of RESPA coverage, including which loan types it covers and the related disclosures required by RESPA and Regulation X
  • Describe RESPA and Regulation X prohibitions
  • Explain a bank’s various responsibilities when servicing a mortgage loan

Additional information

Audience

Bank personnel involved in the lending process, including mortgage, consumer and small business lenders, loan processors and loan servicers.

Credits

1.25 CRCM

Member Price

95.00

Non-Member Price

130.00

Course Number

ABA

Location

Online Self-Paced

Vendor

ABA

Course Code

ABA

Prerequisites

None

Day

Online

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