Which federal authority enforces RESPA?

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Prepare for the Mckissock 8-hour National Valuation Bias and Fair Housing Laws and Regulations Test. Study with flashcards and multiple choice questions with detailed explanations. Ensure your success on exam day!

Multiple Choice

Which federal authority enforces RESPA?

Explanation:
Respa enforcement is handled by the Consumer Financial Protection Bureau. The CFPB oversees mortgage-related activities and ensures compliance with RESPA’s disclosure and settlement rules, with primary enforcement authority since the Dodd-Frank Act. HUD historically enforced RESPA, but that role has largely shifted to the CFPB. The FTC handles other consumer protection matters, and the Department of the Treasury does not enforce RESPA.

Respa enforcement is handled by the Consumer Financial Protection Bureau. The CFPB oversees mortgage-related activities and ensures compliance with RESPA’s disclosure and settlement rules, with primary enforcement authority since the Dodd-Frank Act. HUD historically enforced RESPA, but that role has largely shifted to the CFPB. The FTC handles other consumer protection matters, and the Department of the Treasury does not enforce RESPA.

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