RESPA Violations: Definition, Examples & How to Avoid Them
真正的Estate Settlement Procedures Act (RESPA) was established in 1974 by the U.S. Congress as a protection against unfair business practices and unnecessarily high costs associated with homeownership. RESPA strives to eliminate unethical practices like kickbacks, fees, and errors and ensures disclosures are provided to buyers and sellers while obtaining a mortgage. By knowing…