TILA & RESPA Tips for SAFE MLO Exam Success 🔥

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Get ready to crush the TILA & RESPA portions of your SAFE MLO exam! This review walks you through the essential rules, disclosures, timelines, and tricky real-world scenarios that appear again and again on the test. From kickback prohibitions under RESPA to HOEPA requirements under TILA, we’ll cover everything you need to know — with tips to avoid common mistakes on exam day.

⏱ Timestamps for Easy Navigation:
0:24 – RESPA (Real Estate Settlement Procedures Act)
0:26 – Purpose, Coverage, and Key Definitions
4:04 – Required Disclosures (Servicing Disclosure, ABA, Escrow Statement)
7:35 – Section 8 Prohibitions (Kickbacks, Fee Splitting, Unearned Fees)
10:37 – Escrow Account Limits and Requirements
14:19 – RESPA Enforcement and Penalties
17:13 – TILA (Truth in Lending Act)
17:15 – Purpose, Coverage, and Key Definitions under Regulation Z
20:18 – APR and Finance Charge Calculations
23:36 – Right of Rescission Rules
26:45 – HOEPA (High-Cost Mortgage) and HPML Requirements
30:00 – TILA Advertising Rules and Trigger Terms
32:59 – TILA-RESPA Integrated Disclosures (TRID)
33:02 – Loan Estimate (Timing, Content, Delivery)
36:01 – Closing Disclosure (Timing, Content, Delivery)
39:06 – Tolerances and Changed Circumstances
42:11 – Record Retention Requirements
44:24 – Post-Closing and Revised Disclosures

📚 Topics Covered:
✅ RESPA purpose, coverage, and definitions
✅ Required disclosures under RESPA
✅ Section 8 prohibitions (kickbacks, fee splitting)
✅ Escrow account limits and rules
✅ RESPA enforcement and penalties
✅ TILA purpose, coverage, and definitions
✅ APR and finance charge calculations
✅ Right of rescission rules
✅ HOEPA & HPML requirements
✅ TILA advertising rules and trigger terms
✅ TRID overview
✅ Loan Estimate & Closing Disclosure rules
✅ Tolerances and changed circumstances
✅ Record retention requirements
✅ Post-closing & revised disclosures

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🔗 Helpful Resources:
Birdsy Mortgage Exam Prep – https://birdsy.ai/mortgage
Consumer Financial Protection Bureau (CFPB) – https://www.consumerfinance.gov
Federal Reserve Board – Truth in Lending – https://www.federalreserve.gov/supervisionreg/tilla.htm

⚠️ Disclaimer:
This video is for educational use only. Licensing requirements and exam content may vary by state. Verify all details with your licensing agency or official exam provider. Birdsy cannot guarantee outcomes and assumes no liability for exam performance.