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RESPA - Real Estate
Settlement Procedures Act

- -
 Information by State
 Print version
 

Watch the Webcast

-   Watch the webcast from March 18, 2010 clarifying the new RESPA rule. Watch the Webcast
-   March 18, 2010 - RESPA Webcast Material
-   RESPA Implementation Briefing

View the Presentation

-   RESPA in Plain English

Warning: Foreclosure Scams

-   Loan Servicing Scams
-   Foreclosure Rescue Scams: Another Potential Stress for Homeowners in Distress
-   Mortgage Fraud Information from the FBI
-   Consumer Tips for Avoiding Foreclosure Rescue Scams

Foreclosure Avoidance and Mortgage Assistance

-   Contact a HUD Approved Housing Counselor in Your Area
-   Making Home Affordable
-   Guide to Avoiding Foreclosure

 

Highlights

HUD is requiring that loan originators provide borrowers with a standard Good Faith Estimate that clearly discloses key loan terms and closing costs and that closing agents provide borrowers with a new HUD-1 settlement statement. New RESPA regulations were published November 17, 2008 and are scheduled to take full effect on January 1, 2010. The "New RESPA Rule FAQs" were comprised from industry questions and are posted to facilitate implementation of these new requirements.
-   RESPA Roundup July 2010
-   HUD's new settlement cost booklet
-   New RESPA Rule FAQs (updated 4/2/2010)
-   RESPA Final Rule (text and pdf version)
-   RESPA Final Rule (Electronic Code of
Federal Regulation version)
-   Good Faith Estimate
-   Good Faith Estimate Instructions
-   Fillable Good Faith Estimate
-   HUD-1
-   HUD-1 Instructions
-   Fillable Hud-1
-   HUD1-A
-   Regulatory Impact Analysis
-   RESPA ANPR on "Required Use" Prohibition (6/3/2010)

Consumers

RESPA is about closing costs and settlement procedures. RESPA requires that consumers receive disclosures at various times in the transaction and outlaws kickbacks that increase the cost of settlement services. RESPA is a HUD consumer protection statute designed to help homebuyers be better shoppers in the home buying process, and is enforced by HUD.
-   More about RESPA
-   FAQ's about Escrow Accounts
-   Know Your Borrower's Rights
-   Your Rights and the Responsibilities of the Mortgage Servicer
-   Sample Complaint to Lender
-   Property Tax Alert
-   Private Mortgage Insurance (PMI) Act Information
-   State and Local Consumer Agencies
-   Other Federal Resources

Industry

-   Statute
-   Proposed Rules
-   Statements of Policy
-   Program Guidance
-   Federal Register Notices
-   Public Guidance Documents
-   FAQ's for Industry
-   Settlement Agreements
-   Joint Report to Congress
-   Legal Proceedings
Comments and Questions
 
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