Lesson 1 of 6 · 25 min read
RESPA and Regulation X
How RESPA protects borrowers during settlement and servicing: kickbacks, affiliated businesses, escrow accounts, servicing transfers, error resolution, and the 120-day foreclosure rule.
In this lesson
- What RESPA covers
- Section 8: no kickbacks, no unearned fees
- Affiliated business arrangements (AfBAs)
- Escrow accounts
- When the servicing is transferred
- Errors, information requests, and loss mitigation
- Help at application