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RESPA (Real Estate Settlement Procedures Act)
RESPA (Real Estate Settlement Procedures Act) A federal regulation that requires lenders and mortgage brokers to disclose to borrowers, in advance, the fees required to obtain a mortgage loan.
RELATED TERMS--------------------------------------
Mortgage
A legal document pledging property as security for the payment of a loan.
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
SIMILAR TERMS--------------------------------------
Respondent
1) The party who makes an answer to a bill or other proceeding. 2) The party who contends against an appeal.
PREVIOUS AND NEXT TERMS--------------------------------------
Residential purchase agreement
A model purchase agreement form, initially developed in 1985 by the California Association of Realtors in cooperation with the State Bar Association, that ensures a real estate purchase agreement will be complete and in compliance with state law.
Residential Sales Council
A not-for-profit affiliate of the NATIONAL ASSOCIATION OF REALTORS. The Council awards the Certified Residential Specialist (CRS) Designation, to experienced members who have completed an advanced course of study in residential real estate.
Residential Tenancies Tribunal
Specialist tribunal (under Government control) that determines most matters relating to residential tenancies including breaches of tenancy agreements by either the landlord or the tenant.
Resolution Trust Corporation (RTC)
The RTC was established by Congress in 1989 to contain, manage and sell failed savings institutions and recover taxpayer funds through the management and sale of the institutions' assets.
Resource Conservation and Recovery Act
Federal law administered by the EPA which regulates the generation, processing and transportation of hazardous waste.
RESPA (Real Estate Settlement Procedures Act)
Respondent
1) The party who makes an answer to a bill or other proceeding. 2) The party who contends against an appeal.
Restraining order
An order that may issue from filing for an injunction.
Restricted license
A probationary real estate license granted after a license was revoked, suspended or denied.
Restriction
A restriction, often specified in the deed, on the use of property.
Restrictive covenants
A clause in a deed that limits the way the real estate ownership can be used.
This dictionary contains 6433 terms. |
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