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RESPA Here We Go Again

Jeffrey P. Naimon

At a June 27, 2005 press conference, Department of Housing and Urban Development ("HUD") Secretary Alfonso Jackson announced HUD's roadmap for reform of its regulations implementing the Real Estate Settlement Procedures Act of 1974 ("RESPA"). HUD states that it seeks to "update, simplify and improve the disclosure requirements for mortgage settlement costs and help control these costs for consumers." 

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