The Real Estate Settlement Procedures Act (RESPA) was a law passed by the United States Congress in 1974 and codified as Title 12, Chapter 27 of the United States Code, 12 U.S.C. The main objective was to protect homeowners by assisting them in becoming better educated while shopping for real estate services, and eliminating kickbacks and referral fees which add unnecessary costs to settlement services. RESPA requires lenders and others involved in mortgage lending to provide borrowers with pertinent and timely disclosures regarding the nature and costs of a real estate settlement process. RESPA was also designed to prohibit potentially abusive practices such as kickbacks and referral fees, the practice of dual tracking, and imposes limitations on the use of escrow accounts.
No. | Subject | Date | Views |
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Notice | 부동산 용어사전 | 2019.04.15 | 2084 |
Notice | 부동산 용어 (A to Z) | 2019.03.03 | 1336 |
261 | Real Estate Law 84 | 2019.05.15 | 110 |
260 | Real Estate Law 106 | 2019.05.17 | 110 |
259 | TEST 25 | 2019.03.27 | 111 |
258 | Real Estate Law 54 | 2019.05.11 | 111 |
257 | Real Estate Law 78 | 2019.05.14 | 111 |
256 | Real Estate Law 35 | 2019.05.08 | 112 |
255 | Founders | 2018.11.14 | 113 |
254 | Chapter 17 Conclusion | 2019.03.10 | 113 |
253 | Leasehold Estates in Real Estate | 2019.04.01 | 113 |
252 | Real Estate Law 38 | 2019.05.08 | 113 |
251 | Real Estate Law 8 | 2019.05.05 | 114 |
250 | Real Estate Law 15 | 2019.05.06 | 115 |
249 | Real Estate Law 68 | 2019.05.12 | 115 |
248 | Real Estate Law 75 | 2019.05.13 | 115 |
247 | Equitable title | 2019.05.22 | 115 |
246 | Chapter 8 Quiz | 2019.03.04 | 116 |
245 | Real Estate Practice -1 (Understanding-Answers) | 2019.04.11 | 116 |
244 | Real Estate Law 61 | 2019.05.11 | 116 |
243 | Chapter 7 Conclusion | 2019.04.14 | 118 |
242 | Law 6 | 2019.05.03 | 118 |
241 | Property taxes in California | 2019.05.22 | 118 |
240 | Acting Without a License | 2019.02.28 | 119 |
239 | Natural Hazards Disclosure Act | 2019.04.01 | 119 |
238 | Chapter 4 Quiz | 2019.04.13 | 119 |
237 | Real Estate Practice - 36 (Understanding-Answers) | 2019.04.29 | 119 |
236 | Real Estate Law 103 | 2019.05.17 | 120 |
235 | Streets of Orange County named after people: | 2018.11.14 | 121 |
234 | TEST 21 | 2019.03.25 | 122 |
233 | SAMPLE EXPRESSION FOR ROUTE | 2022.09.05 | 122 |
232 | TEST 20 | 2019.03.25 | 123 |