Alert October 20, 2009

HUD Further Revises FAQs on New RESPA Rule

On August 13th, HUD published FAQs on its 2008 amendment of Regulation X, the Real Estate Settlement Procedure Act’s implementing regulation. The FAQs cover many provisions of the amendment, including when a loan originator must provide a GFE, expiration of the GFE, providing a list of settlement service providers, the changed circumstances re-delivery rule, and completing the GFE and HUD-1/1A. HUD has issued a number of revised FAQs, the latest on October 7th. Click here for the FAQs as of October 7th.