WASHINGTON, Oct. 14 /PRNewswire-USNewswire/ -- The State Bar of California has approved a Real Estate Settlement Procedures Act (RESPA) Seminar to be held on November 15, 2010 in Los Angeles, California for 7.5 Continuing Legal Education (CLE) credits.
RESPA is a federal consumer disclosure and anti-kickback statute designed to inform consumers of their settlement costs and to prohibit kickbacks among mortgage, title, real estate, and other settlement service providers.
The RESPA Regulatory Compliance Seminar, which will be hosted by the Real Estate Services Providers Council (RESPRO), is designed to educate real estate brokers, mortgage lenders/brokers, title and closing agents, and other settlement service providers with a basic knowledge of RESPA about the latest in a groundbreaking year of RESPA regulatory developments. These developments include HUD's January 1, 2010 roll-out of its new Good Faith Estimate and HUD-1 Settlement Statement, the enactment of a new federal law that transfers RESPA regulation and enforcement to a new Consumer Financial Protection Bureau in 2011, two new RESPA rulemakings on marketing agreements and homebuilder incentives, and numerous court decisions.
The Seminar will be led by two of the nation's top RESPA experts: Phil Schulman of K&L Gates LLP and Jay Varon of Foley & Lardner LLP. The featured guest speaker from the Department of Housing and Urban Development (HUD) will be RESPA & Interstate Land Sales Director Bart Shapiro.
RESPRO will host a second RESPA Regulatory Compliance Seminar with Schulman and Varon on November 17 in Chicago, Illinois, with HUD General Counsel Helen Kanovsky as the featured guest speaker.
For more information on RESPRO's 2010 RESPA Regulatory Compliance Seminars, visit http://seminars.respro.org/.
The Real Estate Services Providers Council, Inc. (RESPRO) is a national, non-profit trade association of real estate broker-owners, real estate franchisers, mortgage lenders, title insurers and agencies, homebuilders, and settlement service providers united to deliver convenient, innovative and cost-effective services to consumers through strategic alliances across the home buying industry. For more information about RESPRO, see www.respro.org.
CONTACT: Sue Johnson at 202-862-2051, Ext. 210; firstname.lastname@example.org
SOURCE Real Estate Services Provider Council