<Li> Follow established escrow accounting practices </Li> <Li> Not proceed with the foreclosure process when the borrower has submitted a complete application for loss mitigation options, and </Li> <Li> Not pay kickbacks or pay referral fees to settlement service providers (e.g., appraisers, real estate brokers / agents and title companies) </Li> <P> For closed - end reverse mortgages, a lender or broker is required to provide the consumer with the standard Good Faith Estimate (GFE) form . A Good Faith Estimate of settlement costs is a three - page document that shows estimates for the costs that the borrower will likely incur at settlement and related loan information . It is designed to allow borrowers to shop for a mortgage loan by comparing settlement costs and loan terms . These costs include, but are not limited to: </P>

The real estate settlement procedures act of 1974