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REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA)
Self-paced online course: ABA eLearning
Price: $95 members; $130 non-members ENROLL NOW
Course Description: This course helps students identify activities,
disclosures and specific job responsibilities that are required by the Real
Estate Settlement Procedures Act (RESPA), one of the many consumer
protection laws that govern financial institutions and mortgage lenders.
After an overview of the history of the law, its purpose, and the extent of
its coverage, the course identifies the eight RESPA disclosures required at
different stages of the home buying process and provides examples of each
form. After completing this course, students will be able to protect
themselves, their financial services institution and, most importantly, the
consumers they assist in the home buying process.
Audience: Any employee involved in the lending process,
including mortgage, consumer and small business lenders, loan processors
and loan servicers.
Learning Objectives:
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
Course Credits: AIB credit: 0.25; ICB credit: 5.0 CLBB
Note: This course is not approved for Mortgage
Loan Originator training.
Questions: Call 212-297-1679 or email elegg@nyba.com.
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