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.

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.

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

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.

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.

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.

A Federal statute that requires lenders and persons who conduct real estate loan closings (settlements) to make certain disclosures. The law also prohibits certain practices such as kickbacks. The Department of Housing and Urban Development (HUD) has adopted Regulation X to implement this statute.

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.

(RESPA) – A consumer – protection law that requires lenders to give borrowers a good – faith estimate of the costs they are liable to pay at closing.

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.

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 law that was put into place to protect consumers that requires lenders to inform borrowers in advance of all closing costs.

The Real Estate Settlement Procedures Act requires that a consumer be given advance information about the services and costs involved in the closing of a residential mortgage. It also limits the amount that can be collected for mortgage escrow.

A Federal law that requires lenders to give notice of closing costs to the borrower.

A federal law that requires lenders to provide borrowers with information on settlement (closing) costs.

(RESPA) A federal law requiring lenders to provide home mortgage borrowers with information on the known or estimated costs associated with a loan closing.

A federal law requiring lenders to disclose to consumers certain closing costs and other details involved in their transaction.

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

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.

A law requiring the full disclosure of certain costs in relation to the sale and purchase of real estate

A consumer protection law that, among other things, requ

The federal law that allows buyers and sellers to be aware of the various settlement charges associated with buying a property

A consumer protection aw that requires lender to give borrowers advance notice of closing costs.

Federal legislation designed to help home buyers compare settlement costs among lenders and to eliminate kickbacks.

Consumer protection law, which requires, among other things lenders to give borrowers advance notice of closing costs.

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.

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.

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... read full article

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.

A federal law that requires a good faith estimate of closing costs required to be given on certain first mortgages. For further information refer to the booklet entitled "settlement costs".

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.

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.

Also known as RESPA. Enacted by Congress to ensure that the consumer is provided with advance disclosure of the costs involved in the real estate settlement process. The law requires lenders to furnish this information after application only.

A federal law requiring lenders to give full disclosure of closing costs to borrowers.

A consumer protection statute to help consumers become better shoppers for settlement services.

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

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).

Statute requiring lenders to provide advance notice to borrowers of fees and charges to be paid at closing.

Requires advance disclosure to consumers about mortgage loan settlements.

A federal law that requires lenders to provide home mortgage borrowers with information about known or estimated settlement charges.

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.

A consumer protection law that requires lenders to give borrowers advance notice of closing costs.

An act calling for the revelation of all costs in anticipation of closing a real estate transaction.

Federal law that regulates the settlement or closing 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 process.

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.

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 requiring lenders to provide home buyers with information about known or estimated settlement costs. The act also regulates other aspects of settlement procedures.

A federal law that governs certain aspects of a real estate transaction.

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.

An act requiring the revelation of all costs involved in a real estate closing to all participants.

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.

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

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.

law requiring lenders to inform consumers in advance of all closing costs.

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.

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

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.

The federal law ensuring that the Buyer and Seller in a real estate transaction have knowledge of all settlement costs when the purchase of a one-family to four family residential dwelling is financed by a federally related mortgage loan. Federally related loans include those made by savings-and-loan associations, insured by the FHA or DVA, administered by HUD, or intended to be sold by the lenders to an agency. Prohibits kickbacks.

A federal consumer protection law that requires certain disclosures of lenders to consumers relative to mortgage loans

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..

A federal law that requires lenders to provide mortgage loan borrowers with information of known or estimated settlement costs.

A law that requiring lenders to notify borrowers of closing costs in advance.

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.

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.

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

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.

The Real Estate Settlement Procedures Act, (known as "RESPA"), was an Act passed by the United States Congress in 1974.