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 |
---|---|---|---|
Notice | 부동산 용어사전 | 2019.04.15 | 2075 |
Notice | 부동산 용어 (A to Z) | 2019.03.03 | 1321 |
381 | appraiser payment | 2019.05.25 | 149 |
380 | Warehousing | 2019.05.24 | 433 |
» | Real Estate Settlement Procedures Act (RESPA) | 2019.05.23 | 141 |
378 | advance | 2019.05.22 | 269 |
377 | Property taxes in California | 2019.05.22 | 118 |
376 | Equitable title | 2019.05.22 | 114 |
375 | disinterested person | 2019.05.22 | 124 |
374 | void contract | 2019.05.22 | 108 |
373 | requirement be restored | 2019.05.22 | 146 |
372 | discriminate | 2019.05.22 | 177 |
371 | culmination | 2019.05.22 | 150 |
370 | Exclusive agency vs Exclusive right to sell | 2019.05.22 | 227 |
369 | ground floor handicapped accessible | 2019.05.22 | 530 |
368 | violation of the Federal Fair Housing Act | 2019.05.22 | 263 |
367 | Valuable consideration | 2019.05.22 | 208 |
366 | quiet title | 2019.05.22 | 188 |
365 | Subrogation | 2019.05.22 | 284 |
364 | Quiz 15 | 2019.05.17 | 8701 |
363 | Chapter 15 Conclusion | 2019.05.17 | 693 |
362 | Real Estate Law 107 | 2019.05.17 | 293 |
361 | Real Estate Law 106 | 2019.05.17 | 109 |
360 | Real Estate Law 105 | 2019.05.17 | 128 |
359 | Real Estate Law 104 | 2019.05.17 | 181 |
358 | Real Estate Law 103 | 2019.05.17 | 120 |
357 | Real Estate Law 102 | 2019.05.17 | 216 |
356 | Quiz 14 | 2019.05.16 | 9445 |
355 | Chapter 14 Conclusion | 2019.05.16 | 134 |
354 | Real Estate Law 101 | 2019.05.16 | 105 |
353 | Real Estate Law 100 | 2019.05.16 | 348 |
352 | Real Estate Law 99 | 2019.05.16 | 87 |