Scope of RESPA

RESPA applies to any transaction involving a Federally Regulated Mortgage Loan. A Federally Regulated
Mortgage Loan is any loan secured by a first lien on residential property designed for the occupancy of
one to four families made by any lender which meets any of the following criteria:
• Has deposits insured by the Federal Government
• Regulated by the Federal Government
• Insured by HUD
• Intends to sell the loan to Fannie Mae, Freddie Mac, or Ginnie Mae
• Makes more than $1,000,000 in loans per year