This document provides an overview of Module 1 which covers the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). It discusses Regulation Z under TILA and key definitions, requirements, and prohibitions under both acts. Specifically, it outlines TILA's coverage of open-ended and closed-ended credit, finance charge tolerances, accuracy of annual percentage rates, right of rescission, and advertising rules. It also summarizes RESPA's definitions, covered transactions, required disclosures, and prohibitions including kickbacks, fee splitting, and affiliated business arrangements.

1. Module 1: TILA and RESPA

2. Module 1: TILA and RESPA
1.1 Truth in Lending Act (TILA)
 Regulation Z
 Organization of Regulation Z
 Subpart A – General Information
 Subpart B – Open End Credit
 Subpart C – Closed End Credit
 Subpart E – Special Rules for Certain Home Mortgage Transactions
 Covered and Exempt Transactions

3. Module 1: TILA and RESPA
1.1 Truth in Lending Act (TILA)
 Regulation Z
 Definitions
 Application  Annual Percentage Rate
 Business Day  Closed-End Credit
 Consummation  Downpayment
 Dwelling  Finance Charge
 Open-End Credit  Periodic rate
 Person  Prepaid Finance Charge
 Residential Mortgage Transaction

4. Module 1: TILA and RESPA
1.1 Truth in Lending Act (TILA)
 Regulation Z
 Finance Charge
 Finance Charge Tolerances
 Regulatory Tolerances
 Disclosure Requirements for Refinancings
 Determination of Annual Percentage Rate
 Accuracy Tolerances
 Right of Rescission
 Advertising
 Triggering Terms
 Prohibited Advertising Practices
 Record Retention

5. Module 1: TILA and RESPA
1.2 Real Estate Settlement Procedures Act (RESPA)
 Definitions
 Types of Transactions Covered
 Required Disclosures
 Prohibited Practices Under RESPA
 Kickbacks, Fee Splitting, and Unearned Fees
 Affiliated Business Arrangements
 Seller-Required Title Insurance
 Unlimited Deposits into Escrow Accounts
 Early Foreclosure Intervention