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Concept information

social science subjects > law > legal specialisms > housing law > Real Estate Settlement Procedures Act
... > contexts > demography > residence characteristics > housing > housing law > Real Estate Settlement Procedures Act
... > contexts > population characteristics > demography > residence characteristics > housing > housing law > Real Estate Settlement Procedures Act
... > contexts > population characteristics > health > public health > epidemiologic measurements > demography > residence characteristics > housing > housing law > Real Estate Settlement Procedures Act

Preferred term

Real Estate Settlement Procedures Act  

Definition

  • The Real Estate Settlement Procedures Act (RESPA) was passed in 1974 to assist consumers who are shopping for settlement services and to eliminate referral costs and kickbacks that increase the fees for certain services. RESPA also requires that borrowers receive disclosures concerning servicing costs as well as business relationships between settlement service providers. [Source: Encyclopedia of White-Collar and Corporate Crime; Real Estate Settlement Procedures Act]

Broader concept

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URI

http://data.loterre.fr/ark:/67375/N9J-DN4MPDC2-N

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