Jump to main content

# What is the purpose of the 'RESPA is Not Applicable' prompt on the Document Data page?

This prompt is used to indicate that the transaction is not subject to requirements of the Real Estate Settlement Procedures Act (RESPA) (12 U.S.C. 2601 et seq.) and Regulation X (12 C.F.R. 1024). Select RESPA is Not Applicable if RESPA does not apply to this transaction. Unselect it when RESPA does apply. It is your responsibility to ensure that this prompt is correctly left blank or selected.

Refer to RESPA and Regulation X for detailed requirements. In summary, RESPA generally applies to any qualifying consumer loan that meets the definition of a ‘federally related mortgage loan’ (for example, a loan that is secured by 1-4 unit residential real property or a manufactured home, among others). Certain loans are exempt from RESPA, even if they meet the ‘federally related mortgage loan’ definition.