RESPA definition
Examples of RESPA in a sentence
If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made and any other information RESPA requires in connection with a notice of transfer of servicing.
Lender will apply the Funds to pay the Escrow Items no later than the time specified under RESPA.
Lender will give to Borrower, without charge, an annual accounting of the Funds as required by RESPA.
If there is a shortage or deficiency of Funds held in escrow, Lender will notify Borrower and Borrower will pay to Lender the amount necessary to make up the shortage or deficiency in accordance with RESPA.
Lender may, at any time, collect and hold Funds in an amount up to, but not in excess of, the maximum amount a lender can require under RESPA.