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: The Magic City Harvard Lawyer

New Rules Under Real Estate Settlement Procedures Act (RESPA) Could Trap Unwary Developers And Lenders

By Jared Beck

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Passed into law by the U.S. Congress in 1974, the Real Estate Settlement Procedures Act (RESPA) was intended to shield homebuyers from the predatory practices of settlement service providers such as lenders, realtors, and title insurers.  Owing to their vulnerable position at the closing table, homebuyers were historically ripe for exploitation by such companies, many [...]

Full post as published by The Magic City Harvard Lawyer on December 28, 2008 (boomark / email).

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