Authors: James H. Pannabecker, Esq. and David McF. Stemler, Esq.
Format/Frequency of Update: Two 3-ring binders/Periodic
Price: $499
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Real estate lenders need to know how to comply with all the requirements under the Real Estate Settlement Procedures Act (RESPA) and Regulation X.
Pratt’s RESPA Manual details all compliance requirements under RESPA and Regulation X. Topics covered include broker fees, computer loan originations, escrow account rules, and mortgage servicing transfers. The manual also provides you with useful sample disclosures and checklists. The manual features full-text appendixes covering essential resource materials, including the latest text of the RESPA statute and Regulation X, Department of Housing and Urban Development (HUD) and Federal Reserve Board (FRB) booklets, interpretations, statements of policy, and important HUD rulings. Key court rulings are also summarized. Editorial annotations help you find key points and quickly identify important changes, and practical tips help you quickly resolve common problems.
Pratt’s RESPA Manual explains compliance in areas such as:
- Good faith estimates
- Broker fees
- Volume-based compensation
- Secondary market compensation
- Escrow account rules
- Gifts to settlement service providers
- Initial and closing disclosures
- Enforcement provisions
- Title companies
- Mortgage servicing transfers
- Employer-employee compensation
- Computer loan origination systems
- Controlled business arrangement disclosures
- Sham controlled business arrangements
- Rental of office space
- Lock outs
- Retaliation
To help your staff comply with all requirements under RESPA and Regulation X, order The RESPA Manual now!
James H. Pannabecker practices law in Natural Bridge Station, Virginia and focuses on banking law and regulatory compliance. He was formerly General Counsel of Citicorp Mortgage, Inc., where he managed the provision of legal services for the nationwide origination of mortgage loans through Citicorp’s affiliated first mortgage lenders. Before joining Citicorp, Mr. Pannabecker served as in-house counsel to Maryland National Bank; First Virginia Banks, Inc.; and First American Mortgage. Mr. Pannabecker is the author of numerous publications in the areas of truth-in-lending, real estate settlement procedures, and banking law.
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