12-Following RESPA Rules for TRID-TRID Ahead
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In 1974, Congress enacted the Real Estate Settlement Procedures Act (RESPA) as a consumer disclosure and anti-kickback statute. As a result, RESPA serves four primary purposes: RESPA requires disclosures that list settlement costs to be given to home buyers and sellers. RESPA eliminates abusive practices, such as kickbacks and referral fees, which increase the costs paid by consumers. RESPA […]