Congress enacted what law to provide consumers who purchase a home with greater and more timely information on the nature and costs of the settlement process?

Question

Quizplus · Accepted Answer

The Real Estate Settlement Procedures Act (RESPA) was enacted by Congress to provide consumers who purchase a home with greater and more timely information on the nature and costs of the settlement process. Other options, such as CPSC (Consumer Product Safety Commission), OSHA (Occupational Safety and Health Administration), and FCCPA (Fair Credit and Charge Card Disclosure Act), do not pertain to the settlement process of purchasing a home.

Congress Enacted What Law to Provide Consumers Who Purchase a Home