The Real Estate Settlement Procedures Act (RESPA) addresses which of the following?

• A. Appraisal standards
• B. Property taxes
• C. Disclosure of closing information and kickbacks at closings
• D. Zoning compliance

Answer: (C)

RESPA is about protecting consumers at settlement by ensuring clear, timely disclosure of all closing costs and by preventing improper fees or arrangements that could influence service choices. It requires the lender and settlement agent to provide borrowers with itemized disclosures of closing costs and to reveal any affiliated business arrangements that might affect which services are used. This transparency helps buyers compare costs and avoid surprises at closing, and it aims to curb kickbacks and fee-splitting that could inflate charges. It does not establish appraisal standards, nor does it govern property taxes or zoning compliance, which are outside its scope.