Congress wants sunshine in RESPA process

Letter criticizes secrecy of HUD's finalized proposal

Inman News

A sizable chunk of the U.S. Congress wants the White House to rethink a proposal to reform the Real Estate Settlement Procedures Act.

Two hundred and twenty-six members of Congress last Friday sent a letter to the Office of Management and Budget urging the White House agency to reject the Department of Housing and Urban Development's RESPA proposal, which was submitted to OMB for its review in December 2003.

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