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RESPA - Real Estate Settlement Procedures Act

 

Wednesday, June 19, 2013

10:00 - 11:00 am CST

 

Speaker: Mary Lou Heighes, President, Compliance Plus, Inc.

 

About the Program

Although still in the proposal stage, the changes to the Real Estate Settlement Procedures Act (RESPA) will be a huge undertaking. The combining of the RESPA Good Faith Estimate and the Advance Truth in Lending Disclosure and the HUD Settlement Statement with a new Final Truth in Lending Disclosure alone will require changes to your loan forms, data processing systems and your procedures. In addition, other contemplated changes include responding to consumer inquiries regarding servicing and escrow accounts, new tolerance levels for estimates, changes in the definition of business day, and so much more. Through this session you will learn the areas where changes are likely to occur so that you may begin the planning process.



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