Final answer:
RESPA does not cover all changes in circumstances, including changes in the borrower's financial situation or employment status.
Step-by-step explanation:
RESPA, which stands for Real Estate Settlement Procedures Act, requires lenders to provide borrowers with certain disclosures, such as the Good Faith Estimate and the HUD-1 Settlement Statement, during the home buying process. The Act also has provisions for handling changes in circumstances that may impact the loan terms, such as changes in interest rates or settlement costs. However, RESPA does not cover every possible change in circumstances. Some examples of changes that are NOT considered under RESPA include changes in the borrower's financial situation or changes in the borrower's employment status.