Real
Estate Settlement Procedures Act (RESPA)
RESPA
is about closing costs and settlement procedures.
RESPA
requires that consumers receive disclosures at various times within the
transacation process. It also outlaws kick backs that increase the cost
of settlement services. RESPA is a HUD
consumer protection statute designed to help homebuyers be better shoppers
in the home buying process, and is also is enforced by HUD.
Closing
Costs
Back
End Points vs. Front End Points
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