RESPA


RESPA
Real Estate Settlement Procedures Act (RESPA)
A Federal statute that requires lenders and persons who conduct real estate loan closings (settlements) to make certain disclosures. The law also prohibits certain practices such as kickbacks. The Department of Housing and Urban Development ( HUD) has adopted Regulation X to implement this statute. American Banker Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • RESPA — or RESPA may refer to: *Real Estate Settlement Procedures Act *Respa (person), an early leader of the Goths …   Wikipedia

  • RESPA — RES·PA / res pə/ abbrReal Estate Settlement Procedures Act see also the important laws section Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. RESPA …   Law dictionary

  • respa — vastaanotto, es hotellissa   …   Suomen slangisanakirjaa

  • RESPA — (Real Estate Settlement Procedures Act) A federal statute governing disclosure of settlement costs in the sale of residential (one to four family) improved property which is to be financed by a federally insured lender. 12 U.S.C.A. No. 2601 et… …   Black's law dictionary

  • Respa (person) — Respa was according to Jordanes an early leader of the Goths who led them in an invasion of what is today Turkey.ReferencesGeary, Patrick J. Readings in Medieval History (Orchard Park, New York: Broadview Press, 2003) …   Wikipedia

  • Real Estate Settlement Procedures Act - RESPA — This act was designed to protect potential homeowners and enable them to become more intelligent consumers. RESPA requires that lenders provide greater amounts of information to prospective borrowers at certain points in the loan settlement… …   Investment dictionary

  • respite — [ˈrespaɪt] , [ˈrespɪt] noun [singular/U] a short period of time in which a difficult or unpleasant situation stops …   Dictionary for writing and speaking English

  • Real estate broker — This article is about the North American practice. For other definitions and practices in other countries, see Real estate. For real property, see Real property. Realtor redirects here. For the real estate industry trade association that refers… …   Wikipedia

  • Title insurance in the United States — is indemnity insurance against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage liens. Title insurance is principally a product developed and sold in the United States as a result of… …   Wikipedia

  • Yield spread premium — The yield spread premium (YSP) is the cash rebate paid to a mortgage broker based on selling an interest rate above the wholesale par rate that the borrower qualifies for. For example, If a mortgage broker offers a borrower a loan of $100,000 at… …   Wikipedia