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RESPA: Escrow

Real Estate Settlement Procedures Act (RESPA), the Bureau’s Regulation X, requires lenders, mortgage brokers or servicers of home loans to provide timely disclosures for the transaction. RESPA also sets specific requirements regarding analysis and statements for escrow accounts.
SKU: P0184EN
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Real Estate Settlement Procedures Act (RESPA), the Bureau’s Regulation X, requires lenders, mortgage brokers or servicers of home loans to provide timely disclosures for the transaction. RESPA also sets specific requirements regarding analysis and statements for escrow accounts.

  • Understand when an escrow account is needed and what is included
  • Know the limits on an escrow account cushion
  • Understand when analysis is required
  • Know how to handle shortages, surpluses, and deficiencies
  • Know the timing for providing statements

Duration:

0.5 hours

Features:

Mobile, accessible, audio, video

Module(s):

40472EN

Products specifications
Course Features Accessible
Course Features Video
Course Language English
Length Range 30 Minutes or Less
Length (Hours) 0.50
Course Features Audio
Course Features Mobile
Module Number(s) 40472EN
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