Real Estate Settlement Procedures Act (RESPA)

Business / Real Estate / Real Estate Settlement Procedures Act (RESPA): A federal law, enacted in 1974 and later revised, that ensures that the buyer and seller in a real estate transaction have knowledge of all settlement costs when the purchase of a one-to-four-family residential dwelling is financed by a federally related mortgage loan. Federally related loans are broadly defined to include loans made by savings and loan associations or other lenders whose deposits are insured by federal agencies, insured by the FHA or VA, administered by the Department of Housing and Urban Development or intended to be sold by the lender to Fannie Mae or a similar federal agency.

Other Words for Act

Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
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Other Words for Estate

Estate Noun Synonyms: property, holdings, domain, demesne, land, landed estate, manor, mansion
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Other Words for Real

Real Adjective Synonyms: genuine, true, actual, authentic, verified, verifiable, legitimate, right, bona fide, official, legal, legitimate, licit, natural, valid, veritable
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Other Words for Settlement

Settlement Verb Synonyms: colony, outpost, post, camp, community, encampment, village, hamlet
Settlement Noun Synonyms: payment, defrayal, discharge, liquidation, satisfaction, settling, quittance, clearing, clearance
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Hud-1 Settlement Statement

Business / Real Estate / Hud-1 Settlement Statement: At closing, in conformance with Real Estate Settlement Procedures Act (RESPA) regulations, a HUD-1 settlement statement is prepared showing the exact closing costs to buyer and seller. MORE

Peripheral Heart Action (PHA)

Health / Fitness / Peripheral Heart Action (PHA): A system of training where you go from one exercise to another, with little or no rest, preferably alternating upper body and lower body exercises. Designed for cardiovascular training and to develop MORE

Periodic Purchase Deferred Contract

Business / Finance / Periodic Purchase Deferred Contract: A fixed or variable annuity contract for which fixed-amount premiums are paid either monthly or quarterly, and that does not begin paying out until a time elected by the annuitant. MORE

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