Which act requires mortgage lenders to provide a yearly statement about the loan's status?

The Real Estate Settlement Procedures Act (RESPA) is the correct answer because it mandates that mortgage lenders provide borrowers with a statement detailing the status of their loan, which includes information on the loan balance, payments made, and any fees assessed. This regulation is in place to ensure transparency in the lending process, allowing borrowers to understand their loan more comprehensively.

In contrast, the other acts mentioned serve different purposes. The Fair Credit Reporting Act (FCRA) primarily deals with the regulation of consumer credit reporting, ensuring the accuracy and privacy of personal information held by credit reporting agencies. The Truth in Lending Act (TILA) requires lenders to disclose the terms and cost of credit, such as interest rates and total costs, but it does not specifically mandate yearly statements about the loan's status. The Homeowners Protection Act (HPA) pertains to the cancellation of private mortgage insurance under certain conditions, but it is not focused on the yearly statement about the loan.