What does Regulation X pertain to?

Regulation X pertains to the Real Estate Settlement Procedures Act (RESPA). RESPA is designed to protect consumers by requiring disclosures that outline the costs associated with the settlement process when purchasing real estate. Regulation X establishes rules around the procedures that lenders and settlement service providers must follow to ensure transparency for borrowers, helping them understand the fees and services they may encounter during a real estate transaction.

By providing these safeguards, Regulation X aims to eliminate abusive practices associated with the settlement process and empowers consumers by simplifying the understanding of the home-buying process. The inclusions in RESPA encompass mandatory disclosures, limits on certain settlement costs, and ensures that consumers receive accurate estimates of settlement costs.

Other options may relate to important financial regulations but do not directly correspond to the provisions laid out by Regulation X. This highlights the specific focus and intent of Regulation X within the broader framework of consumer protection in real estate transactions.