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RESPA Revision

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I have been looking for the resolution to the proposed rule on changes to RESPA regarding settlement costs as discussed in the July 2002 Federal Register. Comments were due by 10/28/02. HUD's website still indicates that they are proposals. Are there any links in BankersOnline that can provide an update?Thank you for your assistance.

This seemed to be on the fast track and in my opinion, didn't have a lot of concern for the bankers comment letters when the comment period ended. But there were some politicians who wanted the reins pulled in a bit on this and it slowed. I believe HUD also lost some of its backers.

The bottom line is that it hasn't really gone any where that I have read of.

First published on 12/15/03

First published on 12/15/2003

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