Edcomm Banker’s Academy recently updated Focus on Compliance to include the new amendments to the RESPA.
New York, NY. August 27, 2009 — Edcomm Banker’s Academy recently updated Focus on Compliance to include the new amendments to the Real Estate Settlement Procedures Act (RESPA). The Focus on RESPA and Required Disclosures topic of the Real Estate Settlement Procedures Act (RESPA) module of Focus on Compliance has been revised as part of Edcomm Banker’s Academy commitment to providing the most up-to-date financial services information.
According to the new amendments under RESPA, mortgage brokers and lenders are required to use a new Good Faith Estimate (GFE) form, revised HUD-1 and HUD-1A Settlement Statements and a revised Special Information Booklet by January 1, 2010. The amendments also require more timely and effective disclosures of loan terms and closing costs that consumers pay when buying or refinancing a home. The Act affects all policies, procedures and documents for mortgage lending.
Focus on Compliance, from Edcomm Banker’s Academy, is a computer-based, distance-learning program that can be delivered via Internet, Intranet or CD. The program teaches banking compliance in an interactive, self-paced format. Focus on Compliance covers: Bank Secrecy Act (BSA), Anti Money Laundering (AML), USA PATRIOT Act, OFAC, Privacy, Reg P, Gramm-Leach-Bliley Act, Right to Financial Privacy, Sarbanes-Oxley (SOX), Reg CC & Check 21, Reg D, Reg E, Reg Z, Truth in Lending, FCRA, FACT Act, HMDA, CRA and Bank Bribery, among others. The program also includes a quick reference guide to all banking regulations, as well as a searchable library of reference materials.
For more information about programs like this, or to find out how The Edcomm Group Banker’s Academy can customize any training program, log onto www.bankersacademy.com or call +1.212.631.9400.
The Edcomm Group Banker’s Academy is a 22-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share – providing bottom-line results. The Edcomm Group Banker’s Academy has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, classroom instruction, multimedia production and online and print based documentation. Edcomm Banker’s Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).
The Edcomm Group Banker’s Academy (www.bankersacademy.com) is headquartered in New York City with locations and representation throughout the world.
Contact:
Dr. Linda Eagle
Edcomm Banker’s Academy
21 Penn Plaza Suite 1010
New York, NY 10001, USA
T: 212.631.9400
F: 212.631.0659
[email protected]
http://www.bankersacademy.com
