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.
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.