On February 12, NAR staff, along with trade group representatives from the Mortgage Bankers Association (MBA), American Land and Title Association (ALTA), and the Real Estate Service Providers Council (RESPRO) met with Real Estate Settlement Procedures Act (RESPA) legal experts to discuss changes at the Consumer Financial Protection Bureau (CFPB) and RESPA compliance matters. The meeting was informative, as it provided insight and information on how to increase guidance with respect to RESPA compliance. NAR will continue to provide members with resources to ensure compliance with RESPA.
For more information, visit the RESPA page.