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4 Cards in this Set
- Front
- Back
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RESPA
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regulation x, intent to help consumers become better shoppers for settlement services and to eliminate unnecessarily increases in the cost of certain settlements services
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RESPA = TRANSACTIONS QUE USAN HUD
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1. Loan secured con a mortgage for 1 yo 4 residential properties.
2. Refinances 3. Equity lines credit 4. property improvements 5. Assumptions 6. Second Mortgages |
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TRANSACTIONS NO COVERED UNDER RESPA O REGULATION X
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1. Cash transactions
2. when seller is financing 3. rental properties 4. business transactions 5. propiedades de 25 acres o mas 6. terrenos a menos que se vayan a construir en 2 años |
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REGULATIONS
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