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The Real Estate Settlement Procedures Act (RESPA) provides consumers with improved disclosures of settlement costs and to reduce the costs of closing by the elimination of referral fees and kickbacks.

May 6, 2015
This month's video discusses new integrated disclosure forms created by the Consumer Financial Protection Bureau and the new requirements will affect real estate transactions, including changes to the form contracts created by associations.
May 4, 2015
From August 1, 2015, any transaction involving a mortgage will use new disclosure forms created by the Consumer Financial Protection Bureau (CFPB).
April 28, 2015
On Wednesday, April 29, 2015 the Consumer Financial Protection Bureau (CFPB) and the Maryland Attorney General took action against the participants in a mortgage-kickback scheme. The CFPB alleged that the Maryland-based title company’s executives and loan officers traded cash and marketing services in exchange for mortgage referrals. Under proposed consent orders filed today, if entered by the court, five of the six defendants would be banned from the mortgage industry and required to pay a total of $662,500 in redress and penalties.
April 27, 2015
On Tuesday, May 26 at 2 p.m. EDT the CFPB and Federal Reserve will host a 60 minute webinar to answer some frequently asked questions about the RESPA/TILA Integrated Disclosure rule (TRID).

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