The RESPA statute is among the most controversial consumer protection laws impacting mortgage and settlement services, and companies year after year defend themselves in court over violations. But industry professionals and business owners can prevent lawsuits and government enforcement actions by understanding what can and cannot be done under this unwieldy federal law and staying abreast of new guidance and judicial decisions.
The Legal Description’s sister publication, RESPA News, is hosting a 90-minute educational webinar on Tuesday, April 23, 2 pm ET on current RESPA regulations and the top areas where compliance issues lurk. The webinar is Part 2 of a 3-part series covering a host of RESPA and mortgage-related topics.
“Drilling Down on RESPA: How to Comply” will feature two top-rated RESPA compliance trainers, Phil Schulman and Holly Spencer Bunting, both partners in the Washington, D.C., office of K&L Gates. The two of them will cover significant items within RESPA’s Regulation X that have been troublesome for many businesses in the past. Topics will include:
- Section 8(a) anti-kickback provisions and “thing of value”
- Section 8(b) splitting of unearned fees
- Affiliated business arrangements
- Section 8(c)(2)
- Section 9 sellers and title insurance
Schulman and Bunting will also cover penalties and enforcement and will test webinar participants’ knowledge of RESPA with a 10-question interactive quiz. Participants will have an opportunity to ask their questions through a live webinar instant chat feature and will receive relevant handouts, including articles featured in RESPA News.
“2013 has proven to be a significant time of transition for mortgage and settlement services companies,” said Angela Rulffes, editor of RESPA News and moderator for the webinar. “While all this change is taking place, trouble with existing regulations, such as those within the scope of RESPA, can creep up when you least expect it. This webinar will provide a good understanding of the important sections of RESPA, and I highly encourage anyone within mortgage or settlement services to join us for this training.”
Register for Part 2 here.
Or Register for all three webinars in the series and save! Go here for details.
- Part 1: The New Loan Servicing Standards (Recording Available)
- Part 2: Drilling down on RESPA: How to comply (April 23)
- Part 3: Reviewing your Marketing Agreements and the Interpretive Rule: What is the right agreement for you? (May 22)