RESPA
16 min! Run Time
Employees
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of Completion
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What you'll learn
Key Words
Description
The Real Estate Settlement Procedures Act (RESPA), passed in 1974, covers residential properties of one to four units. Before RESPA, buyers were charged unnecessary fees to close on homes. This course explains the law.
What this course covers:
- What RESPA is and the properties it covers
- The problems RESPA was created to fix
- How RESPA protects homebuyers at closing
- The disclosures RESPA requires
Built for mortgage, title, and settlement professionals who need a working knowledge of RESPA.
System Requirements
See System Requirements in the Coggno Knowledge Base
RESPA
The Real Estate Settlement Procedures Act (RESPA), passed in 1974, protects buyers of one-to-four-unit homes from the unnecessary closing fees that were common before the law existed.
What this course covers:
- What RESPA is and why Congress passed it in 1974
- The residential properties RESPA covers
- The disclosures RESPA requires during settlement
- How disclosures protect homebuyers at closing
Ideal for real estate, mortgage, and settlement professionals.
The Real Estate Settlement Procedures Act (RESPA), passed in 1974, protects homebuyers at closing. This course focuses on Sections 8 through 10 and the consumer protections they provide.
What this course covers:
- The consumer protections in Sections 8 to 10 of RESPA
- How the law addresses kickbacks and referral fees
- RESPA rules on title insurance
- Limits on escrow accounts
Ideal for real estate, mortgage, and title and settlement professionals.
Frequently Asked Questions
OSHA Compliance
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