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Housing Act of 1964, as Amended Andor a Section 115 Rehabilitation Grant Authorized under the Housing Act of 1949, as Amended  Form

Housing Act of 1964, as Amended Andor a Section 115 Rehabilitation Grant Authorized under the Housing Act of 1949, as Amended Form

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a federal law called the real estate settlement procedures act commonly known as in the industry is respa now the original intent when this law was passed back in 1975 was that it was designed to protect the consumer so the consumer who was out getting a loan would have a disclosure of the cost associated with borrowing that money now certainly since 1975 it is that this particular law has broadened quite a bit now on your screen there is one thing that you probably should know for your real estate licensing exam and that is that there's a federal agency called the consumer finance protection bureau or what we like to call the cfpb that is the federal agency that is tasked with enforcing the real estate settlement procedures act rules and regulations all right so that's probably something that you need to know for your licensing exam so the overview what are we going to learn here today or what it what does respa entail well it requires certain disclosures of settlement

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