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Field Guide to the Real Estate Settlement Procedures Act (RESPA)

(Updated Apr. 2015)
The Real Estate Settlement Procedures Act (RESPA) was signed into law in December 1974, and became effective on June 20, 1975. The law has gone through a number of changes and amendments since then, all with the intent of informing consumers of their settlement costs and prohibiting kickbacks that can increase the cost of obtaining a mortgage.
courtesy of Realtor.org

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