Page 25 of 29Glossary Last Update

5/2024 Module 5.3 RESPA The Real Estate Settlement Procedures Act (RESPA) was enacted by Congress to provide homebuyers and sellers with complete settlement cost disclosures, to prohibit kickbacks, and to limit the use of escrow accounts. RESPA is a federal statute now regulated by the Consumer Financial Protection Bureau (CFPB). Modules 4.1, 6.1 Respondent A person against whom a fair housing complaint is filed. Respondents must be identified as a specific individual, rather than an organization or other group. Module 3.2 Request for Mortgage Assistance, or RMA Borrowers must complete this application to be considered for mortgage loan modification options.