RESPA
ABA
Updated 10-31-2026
RESPA
an acronym that stands for the Real Estate Settlement Procedures Act, a federal consumer protection law originally implemented in 1974 governing loans on one to four-family properties and requires, among other matters, that a lender provide an advance notice of estimated closing costs, establishes guidelines for escrow account balances and prohibits "kickbacks" to parties for referring business associated with the loan.
American Bar Association Glossary of Real Estate Terms
ABA · p. 10
HUD Housing Counselors Glossary
Updated 10-31-2026
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).
HUD Housing Counselors Glossary
p. 20
HUD 4000.1 Glossary
Updated 10-31-2026
RESPA
Real Estate Settlement Procedures Act
HUD 4000.1 Glossary
p. 66
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