Real Estate Settlement Procedures Act

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:United_States_federal_law
gptkbp:abbreviation	gptkb:RESPA
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
gptkbp:category	Real estate law United States federal housing legislation
gptkbp:codifiedIn	gptkb:12_U.S.C._§_2601_et_seq.
gptkbp:compatibleWith	business purpose loans temporary financing vacant land loans
gptkbp:dateEnacted	1974
gptkbp:enactedBy	gptkb:United_States_Congress
https://www.w3.org/2000/01/rdf-schema#label	Real Estate Settlement Procedures Act
gptkbp:penalty	imprisonment fines civil liability criminal liability
gptkbp:publicLawNumber	gptkb:Public_Law_93-533
gptkbp:purpose	eliminate kickbacks and referral fees protect consumers in real estate transactions require disclosures about settlement costs
gptkbp:relatedTo	gptkb:Consumer_Financial_Protection_Bureau gptkb:Truth_in_Lending_Act
gptkbp:requires	gptkb:Good_Faith_Estimate gptkb:HUD-1_Settlement_Statement gptkb:Mortgage_Servicing_Disclosure_Statement
gptkbp:section	Section 10 limits escrow accounts Section 8 prohibits kickbacks Section 9 prohibits seller-required title insurance
gptkbp:signedBy	gptkb:Gerald_Ford
gptkbp:bfsParent	gptkb:Consumer_Financial_Protection_Bureau
gptkbp:bfsLayer	5