PLEASE NOTE: MBA Education will be transitioning to a new learning platform in June 2020. We strongly suggest that you complete your course(s) before Friday, June 19, 2020. Progress in any courses that are not completed as of the transition date will be lost and you will need to start from the beginning of your course(s) in the new platform.
If you think you will be unable to complete your courses before Friday, June 19, we recommend that you delay your registration until the transition is complete.
This is a single-family/residential course.
The Residential Loan Servicing Laws course provides an overview of regulatory compliance in residential mortgage loan servicing, introducing the key laws that regulate the business and providing context for why each of the laws is important. This course covers the purpose and provisions of the Real Estate Settlement Procedures Act (RESPA), the Truth in Lending Act (TILA), the Homeowners Protection Act (HPA), the Flood Disaster Protection Act (FDPA), the Servicemembers Civil Relief Act (SCRA), and the Fair Debt Collection Practices Act (FDCPA), as they affect loan servicing.
For each of the main laws, the course provides a quick overview of essential facts about the law, including a brief statement of its purpose, its implementing regulation, and its primary regulator; a discussion of its history and background; and an explanation of its main provisions. While this course is intended to serve as an introduction, resources for further reading are provided for a more in-depth learning experience.
Real Estate Settlement Procedures Act (RESPA)
Truth in Lending Act (TILA)
Homeowners Protection Act (HPA)
Flood Disaster Protection Act (FDPA)
Servicemembers Civil Relief Act (SCRA)
Fair Debt Collection Practices Act (FDCPA)
Seat time approximately 2.5 hours.