Representatives Send Letter to OMB to Reject RESPA Proposal

September 23, 2008

Reps. Ruben Hinojosa and Judy Biggert sent the attached letter to White House Office of Management and Budget (OMB) Director Jim Nussle requesting OMB ensure HUD's RESPA proposal is thoroughly vetted and tested before being finalized. 

The letter urges OMB reject the revised RESPA proposal and return it to HUD instructing the department to coordinate with the Federal Reserve and other federal agencies and publish an advanced notice of public rulemaking for a final 60-day public comment period before resubmitting a final RESPA proposal to OMB.