K&L Gates Webinar: Finally a Final RESPA Rule
|November 19, 2008
Tuesday, November 25, 2008
2:00 p.m. - 3:30 p.m. EST
Finally a Final RESPA Rule
Six years and 50,000 public comments later, we finally have a final RESPA rule. On November 17, 2008, the U.S. Department of Housing and Urban Development ("HUD") published its final rule to reform the Real Estate Settlement Procedures Act ("RESPA"). The rule has a profound effect on every settlement service provider, whether you are a mortgage lender, mortgage broker, title insurance company, settlement agent, real estate broker, or homebuilder. Among its many provisions, the final rule:
- Requires a new three-page Good Faith Estimate;
- Revises the HUD-1 Settlement Statement into a three-page form;
- Imposes certain tolerances on final settlement charges;
- Allows for the use of average charges; and
- Amends the definition of "required use."
Many aspects of the rule take effect in less than 60 days. Join us on Tuesday, November 25, to discuss HUD's final changes to RESPA's regulations, as well as how this rule will impact your business.
Phillip L. Schulman
, Partner, Washington, DC
Holly Spencer Bunting
, Associate, Washington, DC
Attend via webinar. Call-in details will be provided the week of the event.
to register online by 12:00pm EST on Monday, November 24.
If you have any questions, please email Meghan Bothe
or call 202.778.9209.