RESPA (Regulation X) : Revisions to Good Faith Estimate and HUD-1 Settlement Statement

Details

• Publisher's site:
  https://www.fdic.gov/
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  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.
• Subject:
  Consumer Protection
• Dataset Download URL:
  https://www.fdic.gov/news/financial-institution-letters/2009/fil09075.html
• Format:
  PDF
• Release Date:
  12/23/2009
• Update Date:
  11/26/2018
• Withdrawn Date:
  12/01/2018
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC) ; U.S. Department of Housing and Urban Development (HUD)
• Fdic Employee Involved:
  Glenn Gimble ; Lorraine Rushing
• Law Involved:
  Real Estate Settlement Procedures Act (RESPA)
• Related Regulation:
  Regulation X
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Supervised Banks (Commercial and Savings)
• Effective Date:
  01/01/2010
• FIL Number:
  FIL-75-2009
• Main Document Checksum:
  urn:sha256:270cf536c15122ca6029a1f6de8d25c6f9c2bb547f31204889d87d0b8e8ea2e9
• Download URL:
  https://archive.fdic.gov/view/fdic/7244/fdic_7244_DS1.pdf
• File Type:
  [PDF - 1.29 MB ]