10. Following RESPA Rules for TRID – TRID Ahead
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🔊 Listen to Lesson In 1974, Congress enacted the Real Estate Settlement Procedures Act (RESPA) as a consumer disclosure and anti-kickback statute. As a result, RESPA serves four primary purposes: RESPA requires disclosures that list settlement costs to be given to home buyers and sellers. RESPA eliminates abusive practices, such as kickbacks and referral fees, which increase the […]