Escrow & Title
What is RESPA (Real Estate Settlement Procedures Act)?
AA law regulating mortgage interest rates
BA federal law governing mortgage loan settlements and prohibiting kickbacks✓ Correct
CA state law governing escrow accounts
DA title insurance regulation
Explanation
RESPA is a federal law governing residential mortgage loan settlements. It requires disclosures about closing costs, prohibits kickbacks and referral fees between settlement service providers, and regulates escrow accounts.
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