|
gptkbp:instanceOf
|
gptkb:United_States_federal_law
|
|
gptkbp:administeredBy
|
gptkb:Consumer_Financial_Protection_Bureau
gptkb:Department_of_Housing_and_Urban_Development
|
|
gptkbp:amendedBy
|
gptkb:Dodd-Frank_Wall_Street_Reform_and_Consumer_Protection_Act
|
|
gptkbp:appliesTo
|
federally related mortgage loans
residential real estate transactions
|
|
gptkbp:codifiedIn
|
gptkb:12_U.S.C._§_2601_et_seq.
|
|
gptkbp:dateEnacted
|
1974
|
|
gptkbp:enactedBy
|
gptkb:United_States_Congress
|
|
gptkbp:enforcedBy
|
gptkb:Consumer_Financial_Protection_Bureau
state attorneys general
|
|
gptkbp:excludes
|
business purpose loans
temporary financing
vacant land loans
certain all-cash sales
|
|
gptkbp:fullName
|
gptkb:Real_Estate_Settlement_Procedures_Act
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
RESPA
|
|
gptkbp:penalty
|
imprisonment
fines
civil liability
criminal liability
|
|
gptkbp:prohibits
|
kickbacks
unearned fees
|
|
gptkbp:purpose
|
increase transparency in real estate settlement costs
protect consumers from abusive practices in the real estate settlement process
|
|
gptkbp:relatedTo
|
gptkb:Truth_in_Lending_Act
gptkb:TILA-RESPA_Integrated_Disclosure_Rule
|
|
gptkbp:requires
|
gptkb:Good_Faith_Estimate
gptkb:HUD-1_Settlement_Statement
disclosure of settlement costs
|
|
gptkbp:section
|
Section 9 prohibits seller-required title insurance
Section 10 limits escrow account requirements
Section 8 prohibits kickbacks and referral fees
|
|
gptkbp:signedBy
|
gptkb:Gerald_Ford
|
|
gptkbp:website
|
https://www.consumerfinance.gov/policy-compliance/guidance/implementation-guidance/tila-respa-disclosure-rule/
|
|
gptkbp:bfsParent
|
gptkb:Real_Estate_Settlement_Procedures_Act
|
|
gptkbp:bfsLayer
|
6
|