A federal law that giving borrowers the right to review loan costs information after they've applied for the loan.

Real Estate Settlement Procedures Act. A law and corresponding consumer protection regulations which, among other requirements, specifies that lenders must state an Annual Percentage Rate for each loan.

Real Estate Settlement Procedures Act. A consumer protection law originally enacted in 1974 which, among other things, requires advance disclosure to borrowers regarding mortgage closing costs.

Real Estate Settlement Procedures Act. A consumer protection law that, among other things, requires advance disclosure of settlement costs to home buyers and sellers, prohibits certain types of referral and other fees, sets rules for escrow accounts, and requires notice to borrowers when servicing of a home loan is transferred.

Real Estate Settlement Procedures Act. A Federal law dealing with federally related real estate loans for 1- to 4-family dwellings. Intended to provide borrowers with estimate of closing costs so they can comparison shop.

MP] The Real Estate Settlement Procedures Act, a federal consumer protection statute first enacted in 1974.

Real Estate Settlement Procedures Act. Federal law that requires lenders to provide informaiton to borrowers regarding known costs, as well as, an estimate of the loan settlement charges.

Real Estate Settlement Procedures Act. Enacted by Congress to regulate real estate settlement practices so that the consumer is provided with advance disclosure of the costs involved in the transaction.

a consumer disclosure and anti-kickback act

a HUD consumer protection statute designed to help homebuyers be better shoppers in the home buying process

A federal law that requires lenders to provide information to borrowers regarding known costs and estimates of loan settlement charges.

REAL ESTATE SETTLEMENT PROCEDURE ACT. Required lenders to give borrowers advance notice of closing costs

Real Estate Settlement Procedure Act. Legislation that defines how mortgage lenders must treat borrowers that apply for loans on property of 1-4 units.

Real Estate Settlement Procedure Act. A federal law regulating the disclosure of estimated closing costs charged by the mortgage company or lending institution.

Real Estate Settlement Procedures Act. The federal law that allows buyers and sellers to be aware of the various settlement charges associated with buying a property

Real Estate Settlement Procedures Act. A consumer protection aw that requires lender to give borrowers advance notice of closing costs.

A federal regulation that requires lenders and mortgage brokers to disclose to borrowers, in advance, the fees required to obtain a mortgage loan.

Real Estate Settlement Procedures Act. Requires that lenders provide borrowers with an estimate for settlement costs within three days of application. The HUD booklet on settlement costs must also be given. This act also limits the amount of money that can be held in escrow.

Real Estate Settlement Procedures Act; RESPA is a federal law that requires lenders to provide home mortgage borrowers with information about known or estimated settlement costs

Real Estate Settlement Procedures Act. A federal law requiring lenders to provide home mortgage borrowers with information on known or estimated settlement costs. It also establishes guidelines for escrow account balances.

Real Estate Settlement Procedures Act. A federal law that requires lenders to provide home mortgage borrowers with information about transaction-related costs prior to settlement, as well as information during the life of the loan regarding servicing and escrow accounts. RESPA also, prohibits kickbacks and unearned fees in the mortgage loan business.

(Real Estate Settlement Procedures Act) Federal law designed to provide disclosure of settlement (closing) costs to the borrower with the primary purposes being to: (1) take the mystery out of the closing process, and (2) give the borrower the opportunity to shop for settlement services more intelligently.

Short for the Real Estate Settlement Procedures Act. RESPA is a federal law that allows consumers to review information on settlement costs and regulates certain activities of lenders, title companies, Realtors, and escrow agents.

Real Estate Settlement Procedures Act. Federal law which regulates the settlement practices within the real estate industry. This law requires the provision of Good Faith Estimates of Closing Costs, prohibits kickbacks for referrals of related services, and standardizes the closing with a required form and format.

acronym for the Real Estate Settlement Procedures Act. RESPA is a federal law that allows consumers to review information on known or estimated settlement costs one time after application and one time prior to or at settlement. The law requires lenders to furnish information after application only.

Real Estate Settlement Procedures Act. Federal law that requires lenders to provide information on known or estimated settlement cost anticipated to close a loan. These disclosures must be given within 72 hours of an initial application on all residential mortgages.

Real Estate Settlement Procedures Act. A federal law requiring lenders to provide homebuyers with all information about known or estimated settlement costs; regulating the practices, activities and relationships, of the parties involved in the transaction.

See Real Estate Settlement Procedures Act

REAL ESTATE SETTLEMENT PROCEDURES ACT. a law that states how mortgage lenders must treat those who apply for federally related real estate loans on property with 1-4 dwelling units. Intended to provide borrowers with more knowledge when they comparison shop for mortgage money.

A federal statute requiring disclosure of certain costs in the sale of residential improved property which is to be financed by a federally insured lender.

Real Estate Settlement Procedures Act. RESPA is a federal law that allows consumers to review information on known or estimated settlement costs once after application and once prior to or at settlement. The law requires lenders to furnish information after application only.(Return to the top of the page.)

REAL ESTATE SETTLEMENT PROCEDURES ACT. A federal law requiring lenders to give full disclosure of closing costs to borrowers.

Short for the Real Estate Settlement Procedures Act. RESPA is a federal law that allows consumers to review information on known or estimated settlement cost once after application and once prior to or at a settlement. The law requires lenders to furnish the information after application only.

Abbreviation for the Real Estate Settlement Procedures Act, which allows consumers to review settlement costs at application and once again prior to closing.

Real Estate Settlement Procedures Act. Federal law enacted in 1974 that requires buyer and seller to have knowledge of closing costs. Applies to first mortgage loans on one-to-four family homes.

Real Estate Settlement Procedures Act. A consumer protection statute to help consumers become better shoppers for settlement services.

Real Estate Settlement Procedures Act. A Federal law requiring lenders to provide borrowers with information, in advance, regarding the terms and fees of a mortgage. Administered by HUD.

Real Estate Settlement and Procedures Act. A law that requires the lender to disclose information to the borrower, including a Good Faith Estimate (GFE) of the borrower's closing costs.

Real Estate Settlement Procedures Act. A Federal consumer protection law Federal law which requires the provision of Good FaithEstimates of Closing Costs, prohibits kickbacks for referrals of related services, and standardizes the closing with a required form and format (HUD-1).

REAL ESTATE SETTLEMENT PROCEDURES ACT. Statute requiring lenders to provide advance notice to borrowers of fees and charges to be paid at closing.

Real Estate Settlement Procedures Act - federal statute regulating disclosure of closing costs in advance and prohibiting kickbacks for referring customers to title companies.

The Real Estate Settlement Procedures Act. This law requires that the lender provide the borrower with a written good faith estimate as to what the closing costs will be. This must be done within three business days of the loan application.

Real Estate Settlement Procedures Act. A federal law requiring lenders to disclose to consumers certain closing costs and other details involved in their transaction.

Real Estate Settlement Procedures Act--A federal law requiring disclosure of certain costs in the sale of residential property that is to be financed by a federally insured lender. It also requires that the lender provide a "good faith estimate" of closing costs prior to closing of the loan.

Real Estate Settlement Procedures Act. Requires advance disclosure to consumers about mortgage loan settlements.

Statement The Real Estate Settlement Procedures Act requires a precise listing of all closing costs for both sellers and buyers

A federal statute effective June 20, 1975, requiring disclosure of certain costs in the sale or refinance of residential (one to four family) improved property.

The Real Estate Settlement Procedures Act. A federal law to protect and inform homebuyers regarding closing costs. This provides disclosure of settlement costs at the origination of a loan transaction.

A Federal law that allows consumers to review information as to actual or estimated settlement costs of the mortgage.

Prohibits the giving and receiving of of kickbacks and unearned fees. Back to the Top

Real Estate Settlement Procedures Act. A consumer protection law that requires lenders to give borrowers advance notice of closing costs.

Real Estate Settlement Procedures Act - A federal law that requires lenders to provide home loan borrowers with an estimate of settlement costs as well as the HUD booklet on settlement costs within three days of receiving an application.

Real Estate Settlement Procedures Act. An act calling for the revelation of all costs in anticipation of closing a real estate transaction.

Real Estate Settlement Procedures Act. Restrictions rules for use of real estate in an effort to preserve value.

Acronym for Real Estate Settlement Procedures Act, a law which provides consumers with the ability to review settlement costs.

The Real Estate Settlement Procedures Act (RESPA) imposes obligations on mortgage lenders and other vendors involved in real estate transactions. Under RESPA, borrowers must receive disclosures detailing the costs associated with the transaction, and must also receive copies of the lender's servicing and escrow account practices and a description of the relationships among the service providers to the transaction. Mortgage lenders must also give borrowers a fair estimate of the service charges he or she may be responsible for.

Real Estate Settlement Procedures Act. A federal law designed to make sellers and buyers aware of settlement fees and other transaction-related costs. RESPA also outlaws kickbacks in the real estate business.

Real Estate Settlement Procedures Act. A federal law, enacted in 1974 and later revised, that ensures that the buyer and seller in a real estate transaction have knowledge of all settlement costs when the purchase of a one-to-four-family residential dwelling is financed by a federally related mortgage loan. Federally related loans are broadly defined to include loans made by savings and loan associations or other lenders whose deposits are insured by federal agencies, insured by the FHA or VA, administered by the Department of Housing and Urban Development or intended to be sold by the lender to Fannie Mae or a similar federal agency. HUD—RESPA Overview

A federal law that requires lenders to send to the home mortgage borrower, within three days, an estimate of closing (settlement) costs. RESPA also limits the amount lenders may hold in an escrow account for real-estate taxes and insurance, and requires the disclosure of settlement costs to both buyers and sellers 24 hours before closing.

Real Estate Settlement Procedures Act. A law requiring the full disclosure of certain costs in relation to the sale and purchase of real estate

Real Estate Settlement Procedures Act. A federal law requiring lenders to provide home buyers with information about known or estimated settlement costs. The act also regulates other aspects of settlement procedures.

Real Estate Settlement Procedures Act. A federal law that governs certain aspects of a real estate transaction.

Real Estate Settlement Procedures Act is a federal consumer protection law that requires lenders to provide borrowers with information on known or estimated settlement costs.

Real Estate Settlement Procedures Act. Federal law allowing consumers to receive and review information on known or estimated settlement costs after application and again at settlement. Requires lenders to furnish information after application only.

Real Estate Settelment Procedures Act.

is an acronym for the Real Estate Settlement Procedures Act. This is a federal law that is designed to protect a home buyer by requiring the lender to provide the Buyer with details about the closing costs before closing day.

a federal law requiring the lender to provide all known settlement costs to the borrower after the lender receives the application

Real Estate Settlement Procedures Act. An act requiring the revelation of all costs involved in a real estate closing to all participants.

Real Estate Settlement Procedures Act. Short for the Real Estate Settlement Procedures Act. RESPA is a federal law, which in part allows consumers to review information on known or estimated settlement costs, once after application and once prior to or at a settlement.

Real Estate Settlement Procedures Act. A Federal law that, among other things, requires lenders to provide home mortgage borrowers with estimated loan closing costs and other disclosures.

A federal law that regulates the actions of lenders, real estate agents, and other service providers in a real estate transaction.

Real Estate Settlement Procedures Act. Department of Housing and Urban Development consumer protection statue which protects homebuyers during the purchase and loan application processes by requiring lenders to give borrowers advance notice of closing costs.

Real Estate Settlement Procedure Act. A law that states how mortgage lenders must treat those who apply for real estate loans on property with 1-4 units. Example : A lender is required to provide a good faith estimate of closing costs along with other Disclosures within 3 days of an application being filed.

Real Estate Settlement Procedures Act. -- View Real Estate Listings

Real Estate Settlement Procedures Act. RESPA is a federal law that gives consumers the right to review information about loan settlement costs. The law gives you the right to review this information after you apply for a loan, and again at loan settlement. The law only obliges lenders to provide these settlement costs after application.

The Real Estate Settlement Procedures Act is the up-front view of the costs of borrowing in a mortgage loan, including the APR (annual percentage rate), which is the note rate plus the up-front costs of borrowing.

Real Estate Settlement Procedures Act. A federal law requiring that all closing costs be disclosed on a Good Faith Estimate within 3 business days, use of a HUD-1 Settlement Statement, requires lenders disclose the likelihood that the servicing rights may be transferred during the course of loan, and also limits the amount held in escrow to pay for taxes and insurance.

Real Estate Settlement Procedures Act. A federal law that requires a good faith estimate of closing costs and other disclosures to be given on certain mortgages.

The Real Estate Settlement Procedures Act (12 U.S.C. 2601) which, together with Regulation X promulgated pursuant to the Act, regulate real estate transfers involving a federally related mortgage loan by requiring, among other things, certain disclosures to borrowers.

The Real Estate Settlement and Procedures Act requires that consumers receive disclosure from lenders, title companies, real estate companies where one entity received a benefit or payment in connection with a referral of a home buyers or seller for services.

Real Estate Settlement Procedures Act. A federal law that requires lenders to furnish to the borrower, after application, information on known or estimated settlement costs once after application and once before or at closing

Real Estate Settlement Procedure Act. A federal law that says a lender must give a borrower an estimate of closing costs within 3 business days of applying for a loan. After you apply for a loan, the lender must give you a Good faith estimate within 3 business days. The Good faith estimate is a document with a detailed breakdown of the costs that you will need to pay at closing. RESPA also requires that lenders give you a Uniform Settlement statement or HUD-1 before or at closing, which lists the final closing costs. This law isn't taken lightly - if lenders don't supply you with this information, they'll be slapped with a $10,000 fine and possibly jail time.

Real Estate Settlement Procedures Act. A federal law which governs real estate settlements. In part, the law requires lenders to make certain disclosures to borrowers with regard to closing costs.

A consumer protection law that requires lenders to give borrowers advance notice of closing costs. Source: The Massachusetts Homeownership Collaborative

Real Estate Settlement Procedures Act. A consumer protection law that requires mortgage lenders and brokers to give borrowers greater and more timely information on the nature and costs of the real estate settlement process. The law also helps to protect consumers from abusive and unreasonable practices that unnecessarily increase settlement costs.

Real Estate Settlement Procedures Act. A law that was put into place to protect consumers that requires lenders to inform borrowers in advance of all closing costs.

Real Estate Settlement Procedures Act. Federal law that requires lenders to provide certain information regarding the nature and costs of the settlement process to anyone who borrows money to finance the purchase of real estate.

Real Estate Settlement Procedures Act. A Federal law that requires lenders to give notice of closing costs to the borrower.

Abbreviation for the federal Real Estate Settlement Procedures Act, which requires lenders to disclose information on the nature and costs of the real estate settlement process, limits certain fees and charges, and regulates the amount home buyers are required to place in escrow.

Real Estate Settlement Procedures Act. A federal consumer protection law that requires certain disclosures of lenders to consumers relative to mortgage loans

Abbreviation for the Real Estate Settlement Procedures Act, which is a federal law that requires lenders to provide information on estimated settlement costs, which is available for review by the buyers one time after application, and again once prior to

Acronym for the Real Estate Settlement and Procedures Act; the intention of this act is to provide purchasers with quick, reliable information on the costs of purchasing one-four residential units utilizing a federally regulated loan.

Real Estate Settlement Procedures Act. RESPA is a federal law requiring lenders to furnish information about known or estimated settlement costs after an applicant applies for a mortgage. Consumers have the right to review information on known or estimated settlement costs once after application and once prior to or at settlement.

Real Estate Settlement Procedures Act. Federal Law first enacted in 1974 to standardize real estate settlement procedures in the United States.

Real Estate Settlement Procedures Act; a law protecting consumers from abuses during the residential real estate purchase and loan process by requiring lenders to disclose all settlement costs, practices, and relationships

Real Estate Settlement Procedure Act. Treatment, stated by law, given to people who file for loans and mortgages on 1-4 units, e.g. a lender is required by law to give a good faith estimate of closing costs within 5 days of someone filing for a loan.

Real Estate Settlement Procedures Act. A federal statute and regulation promulgated by HUD governing real estate lending practices and disclosures. Its main features pertain to the provision of a good faith estimate of loan settlement costs and the provision of the HUD settlement booklet within three days of making a loan application..

Real Estate Settlement Procedures Act. A law that requiring lenders to notify borrowers of closing costs in advance.

REAL ESTATE SETTLEMENT PROCEDURES ACT. A Federal law that requires lenders to disclose, in advance, an estimate of the costs associated with a loan and prohibits “kickbacks” for referring business to 3rd parties associated with a loan.

Real Estate Settlement Procedures Act. A consumer protection law designed to help consumers be more informed with the home buying process. It requires that borrowers receive disclosures at various times. RESPA also prohibits referral fees and similar acts that increase the cost of settlement services.

Real Estate Settlement Procedures Act. A law passed to protect consumers which requires lenders to provide advance notice to borrowers of any and all closing costs.

Real Estate Settlement Procedures Act is a federal law which deals with the procedures to be followed in a real estate closing, and is intended to make borrowers more knowledgeable about possible costs and charges

Real Estate Settlement Procedures Act. A disclosure law that requires the buyer receive from a lender in advance certain information about what the buyer will pay at closing. The buyer has a right to a Uniform Settlement Statement - if the buyer requests it - that itemizes closing services and fees one business day before the settlement. For more information about RESPA, buyers may write to the Assistant Secretary for Consumer Affairs, Attention; RESPA office, U.S. Department of Housing and Urban Development, 451 7th St., N.W., Washington, D.C. 20410.