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RESPA Section 8 – Frequent Mistakes

date_range February 11th at 2:00pm EST
Registration ends at midnight the night before event (February 11th at 12:00am EST).

Section 8 is one of the most complicated and easily violated provisions of RESPA and Regulation X, carrying significant civil and criminal penalties. Section 8 compliance has been under the regulators’ microscope for several years and the subject of many consequential court cases. We will look at the provisions, several traps that lenders and settlement service providers fall into, enforcement actions, and practices to bolster compliance.

What You Will Learn:

  • Requirements and definitions
  • Common violations of Section 8 and various pitfalls to avoid
  • Civil and criminal penalties, enforcement actions
  • Steps to avoid violations

Who Should Attend: Compliance Officers, Lenders, Settlement Service Providers, Auditors, Examiners



Presenter:

  • Christopher Price
    • Christopher Price
    • Christopher brings 28 years of regulatory compliance experience to Capco clients as a member of Capco’s Regulatory Advisory Services (formerly Kirchman/Metavante/FIS Regulatory Advisory Services), providing advisory on general federal regulatory compliance, consumer protection, fair lending, financial crime and safety and soundness provisions; co-authoring topics in the industry-renown Big Orange Book Compliance Manual (now the Capco Banker’s Guide to Compliance); and assisting in development and oversight of Capco’s Quick Reference Guides. Chris is a former member of Capco Academy, where he developed and delivered training to financial institutions and Federal regulatory agencies, covering all areas of federal regulatory compliance and financial crime. Chris has been a featured speaker at conferences on various compliance topics and holds CAMS and AMLP certifications.