The Real Estate Settlement Procedures Act (RESPA)

The Real Estate Settlement Procedures Act (RESPA) was enacted through Congress in 1974 for the purpose of preventing "unnecessary high" settlement service charges.  RESPA requires that consumers receive disclosures at various times in the transaction, such as the Good Faith Estimate (GFE) and HUD-1 Settlement Statement.  RESPA also outlaws the giving and receiving of a kickback for the referral of settlement service business.  RESPA is enforced by the Department of Housing and Urban Development (HUD).

• To order RESPRO^®'s RESPA Guide, click here. 
• To order RESPRO^®'s Regulatory Compliance Kit for Affiliated Businesses, click here.
• To order RESPRO^®'s Primer on Joint Ventures & Affiliated Business Arrangements, click here.

To access resources on specific RESPA issues, click on the appropriate link on the left.