Which of the following is a requirement under the RESPA?

Under the Real Estate Settlement Procedures Act (RESPA), a key requirement is the disclosure of settlement costs to the borrower. This is aimed at helping consumers understand the various fees associated with their mortgage and ensuring that they can make informed decisions about their real estate transactions. RESPA mandates that lenders provide a Good Faith Estimate (GFE) or, more recently, a Loan Estimate (LE) which outlines the expected settlement costs. This allows borrowers to compare different loans and make more informed choices.

The other options do not align with RESPA's requirements in the same manner. For example, while loan estimates must be provided, the timing of one business day is not correct under RESPA guidelines. Obtaining a borrower's social security number, although often necessary for loan processing, does not fall under RESPA. Lastly, the payment of points on a loan is a financial decision rather than a regulatory requirement dictated by RESPA. Thus, the obligation to disclose settlement costs is the clear requirement aligned with the purpose of the RESPA legislation.