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Volume 27 - Number 9

March 4, 2010

HUD Drafts New RESPA Rule

The Office of Management and Budget is reviewing a proposed rule that would revise the definition of “required use” under Real Estate Estate Settlement Procedures Act regulations. The Department of Housing and Urban Development drafted the proposal on required use after withdrawing the provisions from the final RESPA rule that took effect Jan. 1. Required use is a prohibited practice...

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