What is the Real Estate Settlement Procedures Act?

What is the Real Estate Settlement Procedures Act? - The Doce Group

When you take out a mortgage in the United States, you can do so knowing you enjoy many protections under the law. One of those protections comes from the 1974 Real Estate Settlement Procedures Act, or RESPA. RESPA requires mortgage lenders to disclose all loan costs. It also prohibits kickbacks, limits escrow account requirements, and […]