2010 RESPA Reform
On Nov. 12, 2008, the U.S. Department of Housing and Urban Development released its new Real Estate Settlement Procedures Act (RESPA) rule. The new GFE (mortgage disclosure) and HUD-1 (settlement) forms developed under this rule were required beginning on Jan. 1, 2010, which you may read more about below. On July 21, 2011, RESPA became administered and enforced by the Consumer Financial Protection Bureau (CFPB). You may read more about the CFPB's project to combine the mortgage disclosure and settlement forms here.
TLTA coverage and more information about this issue.
Additional information and resources about this issue, including rules, forms, websites or other documents.
Final RESPA Rules