HUD Delays RESPA Rule

January 16, 2009

Due to litigation, the Department of Housing and Urban Development delayed the effective date of a rule that would ban builders from offering discounts to homebuyers that use their affiliated mortgage companies. The change was part of a revision to the Real Estate Settlement Procedures Act that was to take effect on Jan. 16 and is being delayed until April 16.


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.