Understanding California RESPA laws and complying with the statutes requirements is very important. The failure to be in full RESPA compliance can be costly and result in legal action being brought to you.
The RESPA laws and statutes are not easy to understanding. There are many different aspects of the law from anti-kickbacks, fee splitting, to full disclosure of documents and information to buyers, sellers, and lenders that can get in trouble if you are not in full compliance with all its requirements.
This is why it is always important to talk to a California RESPA attorney if you do not have a full understanding of the laws that govern your conduct. The smallest violations can turn out to be the most costly if you fail to respond or take action as required by the law. So take the time out to understand the statute and seek the aid of an attorney if necessary.
