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.

Click here 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.

Contact ALTA at 202-296-3671 or communications@alta.org.

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.