Escrow & Title
The 'RESPA' (Real Estate Settlement Procedures Act) applies to:
AA. All real estate transactions in Georgia
BB. Most residential mortgage transactions involving federally related loans✓ Correct
CC. Only commercial real estate transactions
DD. Only cash purchases
Explanation
RESPA applies to most residential mortgage transactions involving federally related loans (FHA, VA, conventional loans originated by federally regulated lenders). It requires disclosure of settlement costs and prohibits kickbacks.
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