RESPA Compliance Policy and Procedures

Description

Real Estate Settlement Procedures Act (RESPA) is a vital consumer protection statute designed to eliminate abusive practices in the real estate settlement process, such as kickbacks, unearned fees, and conflicts of interest. It also promotes greater transparency by requiring timely and accurate disclosures of settlement costs and procedures.

This policy reflects the commitment to operating with integrity and in full compliance with federal consumer protection laws. This policy outlines guidance on the appropriate use of the Affiliated Business Arrangement Disclosure when business relationships exist that require disclosure under RESPA.

The policies and procedures outlined in this manual, affirms its commitment to conducting business with integrity and maintaining full compliance with federal consumer protection laws.