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.