Mortgage Law

Mortgage Law

United States federal, state and local laws governing the Mortgage Industry

The U.S. mortgage referral services and some of our mortgage content websites are governed by specific federal, state and local laws in the United States, including the Real Estate Settlement Procedures Act, or RESPA, state and local real estate and mortgage broker licensing laws, federal and state laws prohibiting unfair and deceptive acts and practices, and federal and state advertising and “Do Not Call” laws. Real Estate Settlement Procedures Act prohibits the payment or receipt of fees for the referral of business related to, as well as fee shares, splits, and unearned fees in connection with the provision of, residential real estate settlement services, including real estate and mortgage brokerage services.

The Real Estate Settlement Procedures Act permits payments pursuant to cooperative brokerage and referral arrangements or agreements between real estate agents and brokers. The Real Estate Settlement Procedures Act also permits payments for goods or facilities furnished or for services actually performed, so long as those payments bear a reasonable relationship to the market value of the goods or facilities furnished or the services performed, excluding the value of any referrals that may be provided in connection with such goods, facilities or services.

Spanish Translation of mortgage law

This is the legal translation of English to Spanish in relation to mortgage law and / or a definition of this topic: Derecho Hipotecario (in Spanish, without translation of the dictionary entry).


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