Effective July 21, 2011, the Real Estate Settlement Procedures Act (RESPA) will be administered and enforced by the Consumer Financial Protection Bureau (CFPB). 

If you are a consumer with a question or complaint related to your mortgage or mortgage servicer, please contact the CFPB’s Consumer Response team at (855) 411-2372  (or (855) 729-2372 TTY/TDD), or by fax number (855) 237-2392,  or click here.

If you are a settlement service provider with questions about RESPA, please email the CFPB at CFPB_RESPAInquiries@cfpb.gov. 

The Real Estate Settlement Procedures Act (RESPA) ensures that consumers throughout the nation are provided with more helpful information about the cost of the mortgage settlement and protected from unnecessarily high settlement charges caused by certain abusive practices.

The most recent RESPA Rule makes obtaining mortgage financing clearer and, ultimately, cheaper for consumers. The new Rule includes a required, standardized Good Faith Estimate (GFE) to facilitate shopping among settlement service providers and to improve disclosure of settlement costs and interest rate related terms. The HUD-1 was improved to help consumers determine if their actual closing costs were within established tolerance requirements.

Highlights

	Settlement Agreement, Prospect Mortgage LLC
	Settlement Agreement (8 Jul 11), Fidelity National Financial, Inc.
	RESPA Roundup April 2011
	RESPA Roundup March 2011-Guidance for RESPA in relation to FRB compensation rule
	Home Buying Videos (HUD's You Tube Channel)
	Solicitation of Information on Changes in Warehouse Lending
	Exemption from RESPA for Certain Subordinate Loan Transactions
	Home Warranty Interpretive Rule: Response to Public Comments (11/23/2010)
	Home Warranty Interpretive Rule (6/25/2010)
	HUD's new settlement cost booklet
	New RESPA Rule FAQs (updated 4/2/2010)
	RESPA Final Rule (pdf version)
	RESPA Final Rule (Electronic Code of Federal Regulation version)
	RESPA Forms and Completion Instructions
	Regulatory Impact Analysis
	RESPA ANPR on "Required Use" Prohibition (6/3/2010)
	RESPA Roundup Archive

RESPA is about closing costs and settlement procedures. RESPA requires that consumers receive disclosures at various times in the transaction and outlaws kickbacks that increase the cost of settlement services. RESPA is a HUD consumer protection statute designed to help homebuyers be better shoppers in the home buying process, and is enforced by HUD.

	More about RESPA
	FAQ's about Escrow Accounts
	Know Your Borrower's Rights
	Your Rights and the Responsibilities of the Mortgage Servicer
	Sample Complaint to Lender
	Property Tax Alert
	Private Mortgage Insurance (PMI) Act Information
	State and Local Consumer Agencies
	Other Federal Resources

	Statute
	Proposed Rules
	Statements of Policy
	Program Guidance
	Federal Register Notices
	Public Guidance Documents
	FAQ's for Industry
	Settlement Agreements
	Joint Report to Congress
	Legal Proceedings