The Real Estate Settlement Procedures Act and Regulation X

with
Michael R. Christians
On-Demand
$99.00
Training Includes:
  • Certificate of Attendance
  • This training is available as an on-demand recording.
Leading attorney and compliance expert Michael Christians will explain the many details of Regulation X. You will learn how to ensure your institution adheres to the RESPA requirements to protect consumers.

What You'll Learn

  • What kickbacks and unearned fees does Section 8 prohibit?
  • How should you structure escrow accounts?
  • What homeownership counseling notice must you provide?
  • What are the other requirements for servicing a mortgage loan?
  • When can you commence a foreclosure action against a delinquent borrower?

Training Overview

Financial professionals need to understand thoroughly how federal laws govern the lending process. To provide the details you need, BankersWeb has created our Alphabet Regulations Lending Series webinars.

The Real Estate Settlement Procedures Act (RESPA) dictates lending practices that inform and protect homebuyers. Implemented by Regulation X, this law requires financial institutions to provide advance disclosures while eliminating kickbacks and referral fees.

  • What kickbacks and unearned fees does Section 8 prohibit?
  • How should you structure escrow accounts?
  • What homeownership counseling notice must you provide?
  • What are the other requirements for servicing a mortgage loan?
  • When can you commence a foreclosure action against a delinquent borrower?

Who Should Attend?

  • Loan officers
  • Loan processors
  • Compliance officers
  • Auditors

Expert Presenter

Michael R. Christians

  • Principal of Michael Christians Consulting, LLC
  • Assists financial institutions and organizations across the country with ensuring their compliance programs conform to federal laws and regulations
  • Provides counsel relative to current rules, assists with the strategic implementation of upcoming regulatory changes, and offers customized education and training services
  • More than two decades of experience in the financial services industry
  • JD from Drake University Law School
  • Member of the Iowa State Bar

For Teams

Have a team that needs training? Our enterprise customers receive custom branding, reporting and analytics tools, and of course, preferred pricing.