Finance
RESPA (Real Estate Settlement Procedures Act) primarily regulates:
AMortgage interest rate disclosures
BKickbacks and referral fees in settlement services✓ Correct
CFederal income tax on real estate sales
DConstruction loan requirements
Explanation
RESPA prohibits kickbacks and referral fee arrangements in settlement services (title, escrow, appraisal, etc.) that increase the cost to consumers. It also requires disclosure of settlement costs.
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