REAL ESTATE SETTLEMENT PROCEDURES ACT

REAL ESTATE SETTLEMENT PROCEDURES ACT

Real Estate Settlement Procedures Act. A federal law that requires lenders to provide home buyers with information about known or estimated settlement costs. 12 USCA ¡ì¡ì 2601¨C2617. ¡ª Abbr. RESPA. See REGULATION X. [Cases: Consumer Credit 30. C.J.S. Interest and Usury; Consumer Credit ¡ì¡ì 317¨C318.]
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