The _____ governs closings on owner-occupied houses, condominiums, and apartment buildings of four units or fewer.

Question

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The Real Estate Settlement Procedures Act (RESPA) governs closings on owner-occupied houses, condominiums, and apartment buildings of four units or fewer. RESPA ensures that consumers are provided with timely information on the nature and costs of the settlement process and prevents unfair practices by mortgage lenders and settlement service providers. The Equal Credit Opportunity Act (ECOA) prohibits discrimination in lending practices, the Truth-in-Lending Act (TILA) requires lenders to disclose the true cost of credit, and the Mortgage Lenders Act regulates mortgage lending activities. The Real Estate Agents Act governs the activities of real estate agents and brokers.

The _____ Governs Closings on Owner-Occupied Houses, Condominiums, and Apartment