RESPA

By Alex Clark, ATG Law Clerk

Introduction

In the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), passed in 2010, Congress created the Consumer...

Summary: The attorney agents of defendant title companies did not violate RESPA in that they did perform services to earn their payment from the title companies; the...

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Summary:  The Real Estate Settlement Procedures Act (RESPA) Section 2607 seeks to prohibit kickbacks and unearned fees, but the statute will not provide a remedy where a single...

Guide to New Closing Procedures: Information and Training...

While the purpose of RESPA (Real Estate Settlement Procedures Act, 12 USC §2601 et seq., 1974) was to protect consumers, one of the consequences of the legislation was burdening buyers...

By, Steven Walker, ATG Law Clerk

Introduction

Federal law has required lenders provide two different disclosure forms at, or shortly before, a closing on a mortgage loan. Two...

 

THE REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA)

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Please see the latest issue of Settlement Agent Communications from Wells Fargo. Wells has been providing these updates as they develop their plan for implementing processes to adapt to the...

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