RESPA stands for the Real Estate Settlement Services Procedures Act. RESPA is about closing costs and settlement procedures. RESPA requires that consumers receive disclosures at various times in the transaction and outlaws kickbacks that increase the cost of settlement services. RESPA is a HUD consumer protection statute designed to help home buyers be better shoppers in the home buying process, and is enforced by HUD.

RESPA's purpose is twofold:

• to provide consumers with information about the real estate mortgage transaction and the costs associated with it
• to prohibit certain practices, such as referral fees between settlement service providers, that result in higher costs and reduced quality to consumers

	2601 Congressional Findings and Purpose
	2602 Definitions
	2603 Uniform Settlement Statement
	2604 Special Information Booklets
	2605 Servicing of Mortgage Loans and Admn. of Escrow Accounts
	2606 Exempted Transactions
	2607 Prohibition against Kickbacks and Unearned Fees
	2608 Title Companies
	2609 Escrow Accounts
	2610 Prohibition of Fees for Preparation of Truth-in-Lending, Uniform Settlement, and Escrow Account Statements
	2611 to 2613 Repealed
	2614 Jurisdiction of Courts and Limitations
	2615 Validity of Contracts and Liens
	2616 State laws unaffected; inconsistent Federal and State provisions
	2617 Authority of the Secretary
	Amendment Amends various sections of the Statute.

See also Hud Issues New Mortgage Rules To Help Consumers Shop For Lower Cost Home Loans

See also RESPA cases in the news

See also HUD’s Final Rule - Withdrawal of "Required Use"

See also New RESPA Rule FAQs

See also Hud's Final Rules and Regulations

Statements of RESPA Policy. Please click on the policy you are interested in to read it's text.

	2001-1 Clarification Regarding Lender Payments to Mortgage Brokers
	1999-1 Regarding Lender Payments to Mortgage Brokers
	1996-1 Computer Loan Origination Systems (CLOs)
	1996-2 Sham Controlled Business Arrangements
	1996-3 Rental of Office Space, Lock-outs, and Retaliation
	1996-4 Title Insurance Practices in Florida