Escrow & Title
In Wyoming, RESPA (Real Estate Settlement Procedures Act) applies to:
AAll real estate sales regardless of financing
BFederally related mortgage loans used to purchase 1-4 family residential properties✓ Correct
CCommercial property transactions only
DOnly VA and FHA loans
Explanation
RESPA applies to federally related mortgage loans for 1-4 family residential properties, including most conventional, FHA, and VA loans. It requires disclosure of settlement costs and prohibits kickbacks.
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