Real Estate Settlement Procedures Act

Industry Representatives Urge Slowdown on RESPA 

Industry representatives are urging officials at the U.S. Department of Housing and Urban Development to slow their planned November publishing of a new Real Estate Settlement Procedures Act regulation. The remarks came at conference panel during this past week’s Real Estate Services Providers Council (RESPRO) annual conference in Washington, DC. Many in the industry feel that the public comment deadline of May 13 isn’t enough time to effectively reflect public reaction or forecast the proposed rule’s impact.