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Posted by ddnotary on 7/12/2006, 3:16 pm RESPA's purpose if twofold: * to provide consumers with information about the real estate mortgage transaction and the costs associated with it * to prohibit certain practices, such as referral fees between settlement service providers that result in higher costs and reduced quality to consumers. (NOTE: Doesn't this sound like what Title co's & Signing Services do?) Here is the link to NAR:RESPA - (Scroll down to bottom)
209.240.207.77
Dear Fellow Notaries, learn about RESPA and how it applies to our business. The link follows. Here are some excerpts:
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Please See also Rules, Policies, and Disclaimers . Thank you.