Good Faith Estimate and HUD-1 for Compliance Professionals
Course Number: ABA
Course Code: ABA
This course provides timing requirements for the Good Faith Estimate form and HUD-1 statement for banks that make the types of loans requiring a GFE or HUD-1.
Reviewed: July 2018 (no updates necessary)
What You’ll Learn
After completing this course, students will be able to:
-Explain the timing and content of the GFE application disclosure and the HUD-1 settlement disclosure
-Describe the limitations on changes to settlement costs imposed by RESPA
Audience: Compliance and risk management professionals including compliance managers, officers, and other team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, and auditors.