Study questions RESPA's reliance on 'sunshine'

Disclosures are no panacea for consumer ignorance

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

Editor’s note: Join the discussion about reform of the federal Real Estate Settlement Procedures Act in the "RESPA Reform" group at the Inman Community site.

Penalties for violating the Real Estate Settlement Procedures Act (RESPA) are minimal, and until recently the Department of Housing and Urban Development has done little to enforce the law’s anti-kickback provisions, according to a study by a HUD researcher.