To All State MemberBanks in the Second Federal Reserve District:
The Department of Housing and Urban Development (HUD) has issued a revised version of the special information booklet distributed to lenders by HUD pursuant to the Real Estate Procedures Act of 1974 (RESPA). As required by RESPA, lenders must provide the booklet, which was last issued on April 23, 1987, to applicants for loans to purchase residential real estate within three days of receiving the application.
Multiple copies of the revised booklet, Buying Your Home, Settlement Costs and Helpful Information, may be ordered from the Government Printing Office or from banking forms companies.
Single copies may be obtained by writing to the following address:
Director, Office of Consumer and Regulatory Affairs
Attention: RESPA/Special Information Booklet
U.S. Department of Housing and Urban Development
451 Seventh Street, SW
Washington, D.C. 20410
Lenders may continue to use copies of the previous edition of the booklet until supplies are exhausted or until September 9, 1997, whichever is earlier.
Questions concerning the booklet, or the settlement process, may be directed to the RESPA staff at HUD headquarters (Tel. No. 202-708-4560).