Real Estate Settlement Procedures Act (RESPA) Overview

$95.00

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;
  • Identify the disclosures associated with the home buying process;
  • Describe RESPA related escrow account procedures
  • 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