Amendments to Regulation X, the Real Estate Settlement Procedures Act: Withdrawal of Employer-Employee and Computer Loan Origination Systems (CLOs) Exemptions; Notice of Time Schedule for Establishing Effective Date of Rule

Samenvatting

The Department published a notice on October 4, 1996, delaying until further notice the effective date of a final rule revising Regulation X, which implements the Real Estate Settlement Procedures Act of 1974 (RESPA), in light of recent legislation. The final rule was initially published on June 7, 1996, and it was corrected and revised on August 12, 1996. The October 4 notice announced that within 30 days, the Department would provide further notice of a time schedule for making effective the various provisions of the June 7, 1996 rule. Today's notice provides that time schedule.