Small Business

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By Lacey Blank | Monday, November 21, 2022
What Real Estate Professionals Should Know about RESPA
Real Estate
RESPA— the Real Estate Settlement Procedures Act— assures transparency during real estate settlements. As a federal law, it prevents predatory settlements, mandating that mortgage lenders, brokers and other loan servicers offer full transparency to borrowers, avoid kickbacks and excessive referral fees and set escrow account guidelines.
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