VA Announces RESPA Impact Details
On January 7, 2010, VA released Circular 26-10-01 describing the impact of new Real Estate Settlement Procedures Act (RESPA) rule on fees and charges for VA loans. The circular provides guidance on permissible and impermissible fees for VA home loans. In addition, new required documentation is announced [MORE]
HUD Issues Guidance on Home Warranty Contracts
The General Counsel's office at the Department of Housing and Urban Development (HUD) issued guidance on the appropriate circumstances under which brokers and agents can be compensated on a per transaction basis for selling home warranties. The NATIONAL ASSOCIATION OF REALTORS® [MORE]
RESPA: HUD Launches Info Source
The U.S. Department of Housing and Urban Development has created a monthly feature called RESPA Roundup to provide updates on the Real Estate Settlement Procedures Act ( RESPA). It will [MORE]
Identity Theft
It is both the law and professional responsibility for REALTORS® to protect their customers from identity theft. In New Jersey, all real estate professionals must adhere to the New Jersey Identity Theft Prevention Act (NJITPA) which requires businesses to safeguard personal [MORE]
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