An excellent suite of products
for the title industry.

Loan Origination Software
  • 1003 Loan Application
  • 1008 Transmittal Summary
  • Good Faith Estimate 
  • Truth in Lending (Reg-Z)

Fast. Automated Application
and Underwriting. Easy to Use.
 

All software versions are in full
compliance with current laws.
 

The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute, first passed in 1974. One of its purposes is to help consumers become better shoppers for settlement services. Another purpose is to eliminate kickbacks and referrals fees that increase unnecessarily the costs of certain settlement services. RESPA requires that borrowers receive disclosures at various times. Some disclosures spell out the costs associated with the settlement, outline lender servicing and escrow account practices and describe business relationships between settlement service providers

Sec. 3500.1  Designation.
Sec. 3500.2  Definitions.
Sec. 3500.3  Questions or suggestions from public and copies of public guidance documents.
Sec. 3500.4  Reliance upon rule, regulation or interpretation by HUD.
Sec. 3500.5  Coverage of RESPA.
Sec. 3500.6  Special information booklet at time of loan application.
Sec. 3500.7  Good faith estimate.
Sec. 3500.8  Use of HUD-1 or HUD-1A settlement statements.
Sec. 3500.9  Reproduction of settlement statements.
Sec. 3500.10 One-day advance inspection of HUD-1 or HUD-1A settlement statement; delivery; recordkeeping.
Sec. 3500.11 Mailing.
Sec. 3500.12 No fee.
Sec. 3500.13 Relation to State laws.
Sec. 3500.14 Prohibition against kickbacks and unearned fees.
Sec. 3500.15 Affiliated business arrangements.
Sec. 3500.16 Title companies.
Sec. 3500.17 Escrow accounts.
Sec. 3500.18 Validity of contracts and liens.
Sec. 3500.19 Enforcement.
Sec. 3500.20 Reserved.
Sec. 3500.21 Mortgage servicing transfers.


Appendix A Instructions for Completing HUD-1 and HUD-1A
Appendix B Illustrations of Requirements of RESPA
Appendix C Sample Form of Good Faith Estimate
Appendix D Affiliated Business Disclosure Statement Format
Appendix E Arithmetic Steps