Summary: | The U.S. Department of Housing and Urban Development (HUD) has amended Regulation X, which implements the Real Estate Settlement Procedures Act (RESPA). The amendments relate primarily to the Good Faith Estimate (GFE) and HUD-1 Uniform Settlement Statement (HUD-1) and, with some exceptions, require mandatory compliance on January 1, 2010 . FDIC examiners will begin examining for compliance with the amended provisions of Regulation X immediately. Attached is supplemental information regarding the amendments. |
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Additional Related Topics:
- Real Estate Settlement Procedures Act
- Truth in Lending