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 |
261 | TEST 25 | 2019.03.27 | 106 |
260 | Real Estate Law 16 | 2019.05.06 | 106 |
259 | Real Estate Law 86 | 2019.05.15 | 106 |
258 | Founders | 2018.11.14 | 107 |
257 | Acting Without a License | 2019.02.28 | 108 |
256 | void contract | 2019.05.22 | 108 |
255 | Leasehold Estates in Real Estate | 2019.04.01 | 109 |
254 | Real Estate Law 35 | 2019.05.08 | 109 |
253 | Real Estate Law 38 | 2019.05.08 | 109 |
252 | Real Estate Law 75 | 2019.05.13 | 109 |
251 | Real Estate Law 106 | 2019.05.17 | 109 |
250 | Real Estate Law 61 | 2019.05.11 | 110 |
249 | Chapter 17 Conclusion | 2019.03.10 | 111 |
248 | Real Estate Law 11 | 2019.05.05 | 111 |
247 | Real Estate Law 8 | 2019.05.05 | 112 |
246 | Chapter 8 Quiz | 2019.03.04 | 113 |
245 | Real Estate Practice -1 (Understanding-Answers) | 2019.04.11 | 113 |
244 | Real Estate Law 15 | 2019.05.06 | 113 |
243 | Real Estate Law 68 | 2019.05.12 | 113 |
242 | Equitable title | 2019.05.22 | 114 |
241 | SAMPLE EXPRESSION FOR ROUTE | 2022.09.05 | 114 |
240 | Streets of Orange County named after people: | 2018.11.14 | 115 |
239 | Chapter 7 Conclusion | 2019.04.14 | 115 |
238 | Law 6 | 2019.05.03 | 115 |
237 | Chapter 4 Quiz | 2019.04.13 | 117 |
236 | Real Estate Practice - 36 (Understanding-Answers) | 2019.04.29 | 117 |
235 | TEST 21 | 2019.03.25 | 118 |
234 | Law 4 | 2019.05.03 | 118 |
233 | Property taxes in California | 2019.05.22 | 118 |
232 | TEST 20 | 2019.03.25 | 119 |