Real Estate Settlement Procedures Act (RESPA) Overview
Course Number: ABA
Course Code: ABA
Provides an overview of the Real Estate Settlement Procedures Act (RESPA) and its implementing Regulation, Regulation X. Explains the purpose, prohibited factors, and required disclosures of RESPA.
Updated: September 2018
Created: September 2017
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?
Audience: Bank personnel involved in the lending process, including mortgage, consumer and small business lenders, loan processors and loan servicers.