null
US
Entrar
Registre-se gratuitamente
Registre-se
Detectamos que o JavaScript não está habilitado no teu navegador. Habilite o Javascript para o funcionamento correto do nosso site. Por favor, leia os
Termos e Condições
para mais informações.
Próximo
Copiar e Editar
Você deve estar logado para concluir esta ação!
Inscreva-se gratuitamente
3909086
RESPA Reg X
Descrição
Through break down of RESPA
Sem etiquetas
training pro
respa.com
mortgagefinancingandcredit.com
Mapa Mental por
andrea.browne
, atualizado more than 1 year ago
Mais
Menos
Criado por
andrea.browne
mais de 8 anos atrás
93
1
0
Resumo de Recurso
RESPA Reg X
Section 8
Prevents giving and reciving of kick backs and referrals
TOW Thing of vale, Offered and or accepted, work done
Violators maybe fined up to $10,000 and imprisioned for up to 1 year
Section 6
Loan Servicing
Borrower's who have a complaint must submit in writing
Lender has 5 days to respond.If borrower is correct, lender has 20 days to correct the issue.
Must retain documentation for 1 year after disclosure date
servicers are prohibited from charging a fee for 60 days after notice of an error
Servicers must notify consumer no less the 15 days before the effective date. The reciever must inform consumer no less the 15 days after transfer
Exemption for small servicers
nonprofit entity that services 5000 or fewer loans p.11
Section 10
Prevents lenders from overcharging escrow accounts
borrower must maintain only 1/6th of estimated total disbursements
Refunding Any surplus greater then $50 within 30 days
Intial escrow statemtent must be delivered 45 days from the settlement
Annual escrow statements due within 30 days of completion of accout computation year
Allows consumers to obtain information on the costs of closing so that they can shop for settlement services.
Protects Consumers from excessive settlement costs and unearned fees
Establishes disclosures, policies, and procedures to facilitate timely communications between loan servicers and consumers
Madatory Disclosures
Loan Estimate
Closing Disclosure
Settlement Cost Information Booklet
Mortgage Servicing Disclosure Statement
Affiliated Businsse Arrangement
Must disclose at the time of referral
5 year record rention
Due 3 business days after complete loan app
Your Home Loan Toolkit: A Step by Step Guide
HELOCs Get What You Should Know about Equity Lines of Credit
Real Estate Settlement Procedures Act
Sham Affiliated Business Arrangements is strickly prohibited
Force Placed Insurance
must be resonable bases to believe the borrower has failed to maintain hazarad insurance
Servicer may not require a borrower to obtain inurance covverage in an amount that exceeds the replacement cost of improvements
Delinquencies and Foreclosure
Require live contact with the borrower by the 36th day of delinquency
Written notice by the 45th day of deliquency
Quer criar seus próprios
Mapas Mentais
gratuitos
com a GoConqr?
Saiba mais
.
Semelhante
HPMLs/ part of reg Z
andrea.browne
TILA-RESPA (TRID) Rule
andrea.browne
TILA/ Reg Z
andrea.browne
Evolução biológica
joana_pinto_202
Origem das Palavras em Português
Alessandra S.
A história do Brasil em 10 perguntas
Luiz Fernando
Equações do 1o grau
Rosana Guimarães Brito
Mitose
Igor -
Comunicação Social para Concurseiros
Ricardo Olimpio
Quem é Quem nas Teorias da Comunicação?
Ricardo Olimpio
QUIZ - FUNÇÃO DO 1° GRAU
Clean Maria Reis
Explore a Biblioteca