Real Estate Settlement Procedures Act Respa


Definition of "Real Estate Settlement Procedures Act (RESPA)"

Bryan  Cool
  Results Realty Illinois

U.S. law covering the procedures in some types of real
estate closings. Its
objective is to have uniformity in real estate settlement practices when 'federally related' first
mortgage loans are made on one-to four-family residences, condominiums, and cooperatives.



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