= Members Only Content
Real Estate Settlement Procedures Act (RESPA)
Course List | ABA Member Registration | Non-Member Registration
*Reviewed: Oct. 2011
In Real Estate Settlement Procedures Act (RESPA) students will learn how to 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 RESPA disclosures required at different stages of the home buying process and the importance of each to the customer/borrower.
The course also identifies activities specifically prohibited under RESPA and discusses the legal requirements concerning escrow accounts. 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.
| Price | $130 Nonmembers / $95 Members |
| ABA Frontline Compliance | This course is available to ABA Member banks at no cost under a license agreement. Learn more. |
| Course Credits | AIB: 0.25 ; ICB: 1.25 CLBB, CRCM |
| Prerequisites | None |
| Required Software | None |
| Optional Software | Adobe Acrobat Reader and RealPlayer |
Audience
Bank personnel 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
*Reviewed to meet current regulations, but no changes were made.
Questions? Please contact training@aba.com for more information.
