Description
45min | Credits: 1 CRCM
Identifies documentation requirements for confirmation of successors in interest status and how to communicate with and treat successors in interest. Identifies RESPA considerations for confirmed and potential successors in interest. Identifies additional considerations for ability to repay, private right of action and UDAAP.
Audience: Employees assigned the responsibility of communicating with potential and/or confirmed successors in interest.
Learning Objectives
After completing this course, students will be able to:
- Identify examples of documentation requirements for confirmation of a successor in interest’s status
- Describe policies and procedures for communicating with successors in interest
- Identify servicers’ requirements for treatment of confirmed successors in interest
- Describe RESPA considerations for confirmed and potential successors in interest
- Describe additional considerations for ability to repay; private right of action; and unfair, deceptive, or abusive acts or practices (UDAAP)
This course is part of the ABA Frontline Compliance program.