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Real Estate Settlement Procedures Act (RESPA) |
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Real Estate Settlement Procedures Act (RESPA)A federal statute requiring disclosure of certain costs in the sale of residential, improved property which is to be financed by a federally insured lender.Real Estate Settlement Procedures Act (RESPA) Similar MatchesCommittee on Uniform Securities Identification Procedures (CUSIP)Committee on Uniform Securities Identification Procedures (CUSIP)Committee that assigns identifying numbers and codes for all securities. These "CUSIP" numbers and symbols are used when recording all buy or sell orders. Regulatory accounting procedures (RAP)Regulatory accounting procedures (RAP)Accounting principles required by the FHLB that allow S&Ls to elect annually to defer gains and losses on the sale of assets and amortize these deferrals over the average life of the asset sold. Good delivery and settlement proceduresGood delivery and settlement proceduresRefers to PSA Uniform Practices such as cutoff times on delivery of securities and notification, allocation, and proper endorsement. |
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