The Real Estate Settlement Procedures Act was created as a guideline that protects buyers and sellers against abusive procedures during the process of purchasing a property. It was enacted in 1975, and the Consumer Financial Protection Bureau currently regulates it.
It allows people to safely take loans for acquiring their property and ensures they're always paid back. The RESPA also allows the parties involved to take legal action against anyone who had scammed them or taken advantage of their situation.
This is part of the customer protection regulation, as it diminishes practices such as the kickback and referral fees.