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Real Estate Settlement Procedures Act (RESPA)

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.

March 20, 2015
On March 19, 2015, NAR held a webinar on changes to the Real Estate Settlement Procedures Act and the Truth in Lending Act under the Dodd-Frank Act.
February 20, 2015
On Thursday February 19, 2015, NAR hosted a webinar on marketing and services agreements (MSAs) and other agreements under the Real Estate Settlement Procedures Act (RESPA).
February 17, 2015
The HUD-1 settlement statement and Good Faith Estimate forms are going away on August 1. The Truth in Lending Act disclosure is going away as well. In their place will be a new closing disclosure and a new loan estimate. There will be changes to the closing process as well, including a new rule requiring everything to be in place three days prior to closing. And last-minute changes face new hurdles. Learn about the changes in this walk-through.
February 13, 2015
NAR is hosting a webinar with Real Estate Settlement Procedures Act expert Phil Schulman of K&L Gates on structuring marketing agreements and co-advertising arrangements that comply with RESPA on Thursday, Feb. 19, at 2 p.m. EST.
January 23, 2015
On Thursday January 22, 2015, the Consumer Financial Protection Bureau (CFPB) and the Maryland Attorney General fined two banks for illegal payments for referrals under the guise of marketing and other agreements under the Real Estate Settlement Procedures Act (RESPA).

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