Concept information
Término preferido
Real Estate Settlement Procedures Act
Definición
- 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]
Concepto genérico
Pertenece al grupo
URI
http://data.loterre.fr/ark:/67375/N9J-DN4MPDC2-N
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