V. Lending — RESPA

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V. Lending RESPA Real Estate Settlement Procedures Act ( RESPA ) Introduction The Real Estate Settlement Procedures Act of 1974 ( RESPA ) (12 2601 et seq.) (the Act) became effective on June 20, 1975. The Act requires lenders, mortgage brokers, or servicers of home loans to provide borrowers with pertinent and timely disclosures regarding the nature and costs of the real estate settlement process.

The Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. 111-203 (July 10, 2010) (Dodd-Frank . 1 Pub. L. 104-208, Div. A., Title II § 2103 (c), September 30, 1996. 15 U.S.C. 7001 et seq. Act) granted rule-making authority under RESPA to the Consumer Financial Protection Bureau (CFPB) and, with

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