Amendments to Regulation X, the Real Estate Settlement Procedures Act Regulation (Withdrawal of Employer-Employee and Computer Loan Origination Systems (CLOs) Exemptions); Final Rule

Resumo

In this final rule, the Department is implementing portions of a final rule revising Regulation X that was published June 7, 1996, and corrected and revised on August 12, 1996. The Department had delayed the effectiveness of that rule based on the requirements of recent legislation. After carefully reviewing the legislation, however, the Department has determined that several portions of that rule are not affected by the legislative delay. Therefore, this final rule implements those portions of the previous rule. This rule also makes several technical revisions to Regulations X, some of which implement various provisions in the recent legislation.