12 CFR Part 1024 - Real Estate Settlement Procedures Act (Regulation X)
Regulation X protects consumers when they apply for and have mortgage loans.
You are viewing a previous version of this regulation with amendments that went into effect on July 1, 2020.
The mortgage loan process includes:
- Applications for mortgage loans
- Origination of mortgage loans
- Title insurance
- Conducting the settlement (or closing)
- Escrow accounts
- Mortgage loan servicing
The regulation covers topics such as:
- Prohibition on kickbacks and unearned fees
- Mortgage origination and servicing disclosures
- Affiliated business arrangements
- Title insurance
- Escrow accounts
- List of homeownership counseling organizations
- Mortgage loan servicing requirements
- Force-placed insurance
- Mortgage loan servicing error resolution and borrower information requests
- Loss mitigation