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How to Connect Requisite Field Settlement For Free

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This video tutorial demonstrates how to create a project in Trimble Connect and upload files to the TSC 5 and TA7 data collectors for use in the field. By signing in and selecting a server close to your location, you can easily create a new project, name it, set a thumbnail, and choose your server location. The tutorial also covers how to upload files, such as a DXF, to your project folder. This process ensures easy access to your project files while working in the field.

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Which of the following loans would not be covered by RESPA?

Which of the following are not covered by The Real Estate Settlement Procedures Act? -A timeshare purchase. The following transactions are not covered by RESPA: an all cash sale, a sale where the individual home seller takes back the mortgage, a rental property transaction or other business purpose transaction.

Which of the following could possibly be one of the negative ramifications of violating RESPA?

If a mortgage lender or other service provider commits a RESPA violation, the penalty can be steep. For providing or accepting kickbacks or referral fees, the penalties are up to $10,000 in fines and up to one year in jail.

What loans are excluded from RESPA?

A construction loan with a term of two years or more is covered unless it is made to a bona fide contractor. Bridge and swing loans are not covered. A loan secured by vacant or unimproved prop erty when no proceeds of the loan will be used to construct a one- to four-family residential struc ture.

What are the most frequent RESPA violations?

6 Most Common RESPA Violations Kickbacks Referral Fees. Violation: Requiring Excessively Large Escrow Accounts Balances. Violation: Responding to Loan Servicing Complaints. Violation: Inflating Costs. Violation: Not Disclosing Estimated Settlement Costs. Demanding Title Insurance.

Does RESPA apply to all loans?

The Real Estate Settlement Procedures Act (RESPA) is applicable to all federally related mortgage loans, except as provided under 12 CFR 1024.5(b) and 1024.5(d), discussed below.

What is an example of acceptable referral activity?

12 CFR 1024.14(f)(1). For example, referrals include a settlement service provider directly handing clients the contact information of another settlement service provider that happens to result in the client using that other settlement service provider.

What is covered by RESPA?

The RESPA statute covers mortgage loans on a one-to-four family residential property. These include most purchase loans, assumptions, refinances, property improvement loans, and equity lines of credit.

Which of the following transaction is exempt from RESPA?

The sale of a loan after the original funding of the loan at settlement is a secondary market transaction. Such a sale is exempt from RESPA coverage as a secondary market transaction.

Which area does RESPA not cover?

RESPA does not apply to extensions of credit to the government, government agencies, or instrumentalities, or in situations where the borrower plans to use property or land primarily for business, commercial, or agricultural purposes.

What are examples of RESPA violations?

RESPA violations include bribes between real estate representatives, inflating costs, the use of shell entities and referrals in exchange for settlement services.

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