Fulfilling RESPA Requirements
Compliance with RESPA requirements is important in how you do business, as these requirements exist in all states. This course is designed to provide you with the tools required for compliance with RESPA. RESPA covers loans secured with a mortgage placed on a one-to-four family residential property. These include most purchase loans, assumptions, refinances, property improvement loans, and equity lines of credit. It is critical to those in any aspect of the mortgage industry to ensure compliance with these and other laws.
What will I learn?
Upon completion of the course, students will be able to:
- Define RESPA coverage and key terms
- Explain initial disclosure requirements
- Explain interim, closing, and post-closing disclosure requirements
- List prohibited practices, penalties and enforcement
45 minutes (approximate)
How it works
Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles, real world examples, and, where appropriate, video and/or audio recordings of industry experts.
The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. While course completion time varies per student, it will take approximately one hour to complete most courses.
Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.
*Restrictions apply. If your staff size exceeds 250, please consider the Enterprise AllRegs Education Package.