Real Estate Settlement Procedures Act: Kickbacks, Title Insurance, and Escrows
7 min! Run Time
Employees
only
Provided
What you'll learn
Skills covered in this course
Description
The Real Estate Settlement Procedures Act (RESPA), passed in 1974, protects homebuyers at closing. This course focuses on Sections 8 through 10 and the consumer protections they provide.
What this course covers:
- The consumer protections in Sections 8 to 10 of RESPA
- How the law addresses kickbacks and referral fees
- RESPA rules on title insurance
- Limits on escrow accounts
Ideal for real estate, mortgage, and title and settlement professionals.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Frequently Asked Questions
This course focuses on Sections 8 through 10 of RESPA, moving past the general disclosure rules covered elsewhere to examine the specific consumer protections those three sections of the 1974 law provide once a residential closing is underway.
The course covers the consumer protections in Sections 8 to 10 of RESPA, building on the law's broader purpose of protecting homebuyers at closing with rules specific to referrals, title insurance, and escrow account limits.
It explains how the law addresses kickbacks and referral fees, a core piece of Sections 8 through 10 aimed at stopping settlement professionals from steering business toward a particular provider in exchange for undisclosed payments or favors.
The course covers RESPA rules on title insurance, giving real estate, mortgage, and title professionals a grounding in how the law regulates this part of the closing process alongside the kickback and escrow protections found in the same sections.
Yes, the course covers limits on escrow accounts as part of Sections 8 to 10, rounding out the consumer protections settlement professionals need to apply during a residential closing alongside RESPA's kickback and title insurance rules.
