RESPA (Real Estate Settlement Procedures Act) permits real estate firms to be affiliated with title insurance companies or mortgage brokers as long as

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27-12-2021
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RESPA (Real Estate Settlement Procedures Act) permits real estate firms to be affiliated with title insurance companies or mortgage brokers as long as

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Tundexi Tundexi · Answer 1 · 2022-01-05T13:06:48+01:00

The RESP Act permits the real estate firms to be affiliated with title insurance companies or mortgage brokers as long as the companies make a written disclosure of their relationship with one another.

The Real Estate Settlement Procedures Act requires the lenders, mortgage brokers providing home loans to provide to borrowers, a pertinent and timely disclosures regarding the nature and costs of the real estate settlement process.

In conclusion, the Act of RESP permits the real estate firms to be affiliated with title insurance companies or mortgage brokers as long as the companies make a written disclosure of their relationship with one another.