Real Estate Settlement Procedures Act

Real Estate Settlement Procedures Act (RESPA)
The Real Estate Settlement Procedures Act (RESPA) is a federal law that governs how mortgage lenders must treat applicants for federally-related real estate loans on properties with one to four dwelling units. It aims to provide borrowers with comprehensive knowledge, enabling informed comparison shopping for mortgage money.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.