Welcome to RESPA 101. Whether you’re a seasoned professional looking for a review session, or a freshman knocking out those required courses, The ABCs of RESPA: Getting Back to Basics is for you. Over the next five articles (one for each of those sections in that Five Star spiral bound notebook), we provide a crash course in RESPA compliance that’s easy to read and will help you ace that exam (or more importantly, better advise clients on RESPA risk).
Our “professors” are some of the front-running experts in the compliance field and have walked RESPA’s halls time and time again. Together, they give us the definitions at the heart of RESPA, take us on a field trip to the safe harbor where affiliated business arrangements (AfBAs) and joint ventures (JVs) are known to dock, and provide sage advice about what not to do on the RESPA campus. For our more advanced students, we also audited an AP course on staying compliant in an uncertain market.
So, as the school year starts around the country, sharpen your pencils and be ready to take notes – our RESPA “crib sheet” will give you a refresher on Section 8(a) (b) and (c), provide practical examples of the regulations in action, and help propel you to the top of the class.
Click for more articles from The ABCs of RESPA: Getting Back to Basics report.
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