Truth in Lending and RESPA

Associated Courses

$49.00

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SKU: MP-TILARESPA Category:

Outline

Department of Housing and Urban Development
Act

HUD’s
Mission

Federal
Housing Administration

Truth in Lending Act (TILA) Reg
‘Z’

Disclosures

Annual
Percentage Rate (APR)

Loan
Estimate (LE)

Finance
Charges

Tolerances

Right
of Rescission

Advertising

Required
Disclosures

Mortgage
Disclosure Improvement Act Amendments

Fair Credit Reporting Act (FCRA)

Consumer
Rights

Consumer
Reporting Agency Obligations

Bank Secrecy Act/ Anti-Money
Laundering

Financial
Institutions

Suspicious
Activity Reports (SARS)

Real Estate Settlement Procedures
Act (RESPA)

Covered
Transactions

RESPA
Provisions

Required
Disclosures

Loan
Estimate (LE)

Closing
Disclosure (CD)

Learning Objectives       

  1.       Understand the purpose of the Truth in Lending
    Act and to identify the disclosures, requirements, and penalties.
  2.       Understand the regulator, or governing body,
    for the Truth in Lending Act.
  3.       Understand the record retention requirements
    for the Truth in Lending Act.
  4.       Understand which regulation implements the
    Truth in Lending Act.
  5.       Understand the amendments of the Truth in
    Lending Act. Regulation Z
  6.       Know what Disclosure Statements are required in a loan transaction
  7.       Understand the purpose of Regulations X.
  8.       Understand what types of loans RESPA
    applies to.
  9.       Understand the timing of the disclosures.
  10.       Understand Sections 6, 8, 9, and 10 of
    RESPA.
  11.       Loan Estimate
    1.       Guide to Settlement Costs
    2.       Settlement Service Provider
  12.       Understand loan-servicing requirements.
  13.       Understand complaint resolution
    procedures.
  14.       Understand the penalties imposed under
    Regulation X.
  15.       Understand an Affiliated Business
    Arrangement (AfBa) 

Teaching Methods:

Power Points, Video PowerPoint Presentation and Quiz