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HUD/OH RIN: 2502-AG26 Publication ID: Spring 1996 
Title: RESPA Revisions (FR-3638) 
Abstract: On November 2, 1992, the Department published a final rule amending the regulations on the Real Estate Settlement Procedures Act (RESPA) to address new statutory provisions. Included in the 1992 rule were provisions that allowed employer-employee payments for referrals of customers to entities that provided settlement services, and in certain situations, might have encouraged steering through the use of computer loan origination (CLO) operations. Serious objections have been raised to both provisions. As a result, the Department has issued a proposed rule that reviews these provisions. 
Agency: Department of Housing and Urban Development(HUD)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
CFR Citation: 24 CFR 3500   
Legal Authority: 12 USC 2601   
Timetable:
Action Date FR Cite
NPRM  07/21/1994  59 FR 37360   
NPRM Comment Period End  09/19/1994    
Final Action  05/00/1996    
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: Federal 
Small Entities Affected: Businesses 
Included in the Regulatory Plan: No 
Agency Contact:
Sarah Rosen
Special Assistant to the Assistant Secretary for Housing--FHC
Department of Housing and Urban Development
Office of Housing
Phone:202 708-3600