Finance
RESPA (Real Estate Settlement Procedures Act) primarily governs:
AAppraisal standards for residential properties
BDisclosures and procedures for residential mortgage settlements✓ Correct
CMaximum loan amounts for FHA loans
DLicensing standards for mortgage brokers
Explanation
RESPA governs the settlement process for federally related mortgage loans, requiring disclosures (Loan Estimate and Closing Disclosure), prohibiting kickbacks, and regulating escrow accounts.
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