This is not legal advice for your situation*

HUD Proposes RESPA Rule Changes

On March 14, 2008, HUD published a proposed rule designed to "simply and improve" RESPA-required disclosures "to protect consumers from unnecessarily high settlement costs."  Comments to the proposed rule are due by May 13, 2008.  A copy of the proposed rule is available here.   Expect the proposed rule to generate a boatload of comments in the upcoming weeks.
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*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.


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