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Legislation


Results 1 - 10 of 247

Maryland governor signs law against ‘discriminatory effects’

Monday, June 8, 2026

On May 26, Maryland Gov. Wes Moore signed House Bill 0573, entitled “Fair Housing and Housing Discrimination - Regulations, Intent, and Discriminatory Effect,” which authorized the Department of Housing and Community Development to adopt regulations related to “affirmatively furthering fair housing.”

Legislation

Connecticut, New York legislature allows sellers to ‘opt-out’ of MLS marketing, increases transparency

Thursday, June 4, 2026

Connecticut Gov. Ned Lamont signed SB 340 into state law which establishes a process regarding the public marketing of certain real estate listings and creates an “opt-out” form for homesellers who wish to list their property privately, with New York in the process of doing the same. RESPA News reached out to Marx Sterbcow, managing attorney at Sterbcow Law Group, who shared what this may indicate for the industry.

 

Legislation

New Ohio law requires fair housing disclosure to homesellers

Thursday, April 9, 2026

The Ohio Department of Commerce Division of Real Estate and Professional Licensing emphasized in a recent release the key fair housing disclosure changes resulting from House Bill 315, which went into effect on April 3.

Legislation

Trade groups mixed on Senate’s passage of 21st Century ROAD to Housing Act

Monday, March 16, 2026

The Senate passed the 21st Century ROAD to Housing Act 89-10. The National Association of Realtors released a statement of support for the legislation while the Mortgage Bankers Association expressed its concerns regarding the restrictions on institutional investment in single-family housing.

Legislation

NAR-supported ban on ‘trigger leads’ goes into effect

Monday, March 9, 2026

The Homebuyers Privacy Protection Act, supported by the National Association of Realtors, went into effect on March 5, prohibiting the use of “trigger leads” to solicit prospective homebuyers the moment they apply for a mortgage or authorized a credit pull.

Legislation

Washington passes real estate listing transparency bill

Monday, March 9, 2026

The Washington Senate unanimously passed SB 6091, which prohibits real estate brokers from marketing residential properties to an exclusive group of prospective buyers or real estate brokers. The House then passed the bill on March 3 with only one representative voting against it.

Legislation

House subcommittee members introduce HOME Reform Act

Thursday, November 6, 2025

U.S. House Housing & Insurance Subcommittee Ranking Member Rep. Emanuel Cleaver (D-Mo.) and Chairman Rep. Mike Flood (R-Neb.) introduced “the HOME Reform Act of 2025,” legislation that overhauls the HOME Investment Partnerships Program in the Department of Housing and Urban Development and aims to streamline regulations.

Legislation

NAR applauds passage of the ROAD to Housing Act

Monday, October 13, 2025

Following the Senate’s passage of the ROAD to Housing Act as part the National Defense Authorization Act, the National Association of Realtors applauded the move for addressing housing supply and affordability.

Legislation

NAR celebrates homebuyer victory with ‘trigger leads’ ban enactment

Monday, September 8, 2025

Many industry trade organizations celebrated the enactment of the Homebuyers Privacy Protection Act, on Sept. 5, which will ban “trigger leads.” The National Association of Realtors, supporters of the bill from the beginning, released a statement celebrating this victory.

Legislation

‘Trigger leads’ bill heads to president’s desk

Monday, August 4, 2025

The Senate unanimously passed The Homebuyers Privacy Protection Act (H.R. 2808) on Aug. 2, which would ban the use of mortgage trigger leads. The bill will move on to the president’s desk to be signed into law.

Legislation
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Monthly Newsletter

RESPA News Monthly
June 2026

Cover Story:

RESPert Holly Bunting talks RESPA litigation risk


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12 USC Section 2605 or Section 6 is titled Servicing of mortgage loans and administration of escrow accounts. It pertains to qualified written requests, notices of transfer of servicing and the administration of escrow accounts.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
12 USC Section 2609 or Section 10 is titled Limitation on requirement of advance deposits in escrow accounts. It governs escrow accounts including notifications and statements to borrowers. Section 10 also sets out penalties for those who violate the section.
RESPA Section 3 provides that a thing of value includes any payment, advance, funds, loan, service or other consideration

Regulation X says thing of value includes: monies, things, discounts, salaries, commissions, fees, duplicate payments of a charge, stock, dividends, distributions of partnership profits, franchise royalties, credits representing monies that may be paid at a future date, the opportunity to participate in a money-making program, retained or increased earnings, increased equity in a parent or subsidiary entity, special bank deposits or accounts, special or unusual banking terms, services of all types at special or free rates, sales or rentals at special prices or rates, lease or rental payments based in whole or in part on the amount of business referred, trips and payment of another person’s expenses or reduction in credit against an existing obligation.
A form used by a settlement or closing agent itemizing all charges imposed on a borrower and seller in a real estate transaction. This form represents the closing transaction and provides each party with a complete list of incoming and outgoing funds. RESPA requires the HUD-1 to be used as the standard real estate settlement form in all transactions in the U.S. involving federally related mortgage loans.
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