The title Esquire (often abbreviated as âEsq.) is a term typically used in the United States to designate a person who may practice law. The title Esquire, which may apply to a man or a woman, goes after the name of the person.
Real Estate Settlement Procedures Act RESPA Real Estate Settlement Procedures Act RESPA Law and Legal Definition The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute dealing with home buying transactions which is administered by HUD. RESPA requires that consumers receive USLegal Home
Intentions of RESPA Reform. â¢ Intended as a Consumer Protection act (RESPA first passed in 1974) â¢ Requires Greater Disclosure of Loan Terms and Settlement Fees. â¢ Encourages consumers to shop for loan and settlement providers. â¢ Establishes fee variance tolerances between fees quoted on GFE and Hud-1 forms (loan.