Who is primarily responsible for providing Real Estate Settlement Procedures Act disclosures in a federally related loan?

The consumer's lender is primarily responsible for providing Real Estate Settlement Procedures Act (RESPA) disclosures in a federally related loan. RESPA is designed to protect consumers during the home buying process by ensuring that they receive timely and accurate information about the costs associated with the settlement process.

Under RESPA, the lender is required to provide specific disclosures, such as the Loan Estimate and Closing Disclosure, to the borrower. These documents inform consumers about loan terms, projected monthly payments, and the costs they will incur at closing, enabling them to make informed decisions. The lender plays a crucial role in ensuring compliance with these regulations, thereby facilitating transparency and preventing any surprise costs during the closing process.

While other parties, such as the seller and title company, may provide information or documentation during the closing process, the primary responsibility for RESPA disclosures lies with the lender, as they are the entity extending the loan to the consumer and are thus obligated to adhere to federal regulations.