HUD Delays RESPA Rule

January 16, 2009

Due to litigation, the Department of Housing and Urban Development delayed the effective date of a rule that would ban builders from offering discounts to homebuyers that use their affiliated mortgage companies. The change was part of a revision to the Real Estate Settlement Procedures Act that was to take effect on Jan. 16 and is being delayed until April 16.


Contact ALTA at 202-296-3671 or communications@alta.org.

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