The Real Estate Settlement Procedures Act (RESPA) helps consumers by providing clear information about settlement costs and reducing certain fees.
RESPA was signed into law in December 1974 and went into effect on June 20, 1975. It ensures that lenders and mortgage servicers disclose all the costs associated with buying a home, giving buyers a better understanding of their financial responsibilities.
RESPA also prohibits referral fees and kickbacks, making sure that homebuyers are not influenced by hidden incentives. This law aims to create a fair and transparent real estate market, protecting the rights and financial well-being of consumers.
Privacy Policy
This Privacy Policy governs the manner in which Ares Mortgage LLC collects, uses, maintains and discloses information collected from users (each, a “User”) of the https://aresmortgage.com/ website (“Site”).
This privacy policy applies to the Site and all products and services offered by Ares Mortgage LLC.
