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[Federal Register: May 12, 2008 (Volume 73, Number 92)]
[Proposed Rules]               
[Page 26953]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12my08-4]                         

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Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

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[[Page 26953]]

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

24 CFR Part 3500

[Docket No. FR-5180-N-02]
RIN 2502-AH85

 
Real Estate Settlement Procedures Act (RESPA) Proposed Rule To 
Improve the Process of Obtaining Mortgages and Reduce Consumer 
Settlement Costs: Extension of Public Comment Period

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Proposed rule: extension of public comment period.

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SUMMARY: This notice extends the public comment period for an 
additional 30-day period for HUD's proposed rule entitled ``Real Estate 
Settlement Procedures Act (RESPA); Proposed Rule to Improve the Process 
of Obtaining Mortgages and Reduce Consumer Settlement Costs,'' 
published on March 14, 2008. The public comment period for this 
proposed rule is scheduled to close on May 13, 2008. HUD is extending 
the public comment period to June 12, 2008.

DATES: Comment Due Date: June 12, 2008.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposed rule. There are two methods for comments to be submitted 
as public comments and to be included in the public comment docket for 
this rule. Regardless of the method selected, all submissions must 
refer to the above docket number and title.
    1. Submission of Comments by Mail. Comments may be submitted by 
mail to the Regulations Division, Office of General Counsel, Department 
of Housing and Urban Development, 451 Seventh Street, SW., Room 10276, 
Washington, DC 20410-0001.
    2. Electronic Submission of Comments. Interested persons may submit 
comments electronically through the Federal eRulemaking Portal at 
http://www.regulations.gov. HUD strongly encourages commenters to 
submit comments electronically. Electronic submission of comments 
allows commenters maximum time to prepare and submit comments, ensures 
timely receipt by HUD, and enables HUD to make them immediately 
available to the public. Comments submitted electronically through the 
http://www.regulations.gov Web site can be viewed by other commenters 
and interested members of the public. Commenters should follow the 
instructions provided on that site to submit comments electronically.

    Note: To receive consideration as public comments, comments must 
be submitted through one of the two methods specified above. Again, 
all submissions must refer to the docket number and title of the 
rule. No Facsimile Comments. Facsimile (FAX) comments are not 
acceptable.

    Public Inspection of Public Comments. All properly submitted 
comments and communications submitted to HUD will be available, without 
charge, for public inspection and copying between 8 a.m. and 5 p.m. 
weekdays at the above address. Due to security measures at the HUD 
Headquarters building, an advance appointment to review the public 
comments must be scheduled by calling the Regulations Division at (202) 
708-3055 (this is not a toll-free number). Individuals with speech or 
hearing impairments may access this number through TTY by calling the 
toll-free Federal Information Relay Service at (800) 877-8339. Copies 
of all comments submitted are available for inspection and downloading 
at http://www.regulations.gov.

FOR FURTHER INFORMATION CONTACT: Ivy Jackson, Director, or Barton 
Shapiro, Deputy Director, Office of RESPA and Interstate Land Sales, 
U.S. Department of Housing and Urban Development, 451 Seventh Street, 
SW., Room 9158, Washington, DC 20410; telephone number (202) 708-0502 
(this is not a toll-free number). For legal questions, contact Paul S. 
Ceja, Assistant General Counsel for GSE/RESPA, Joan L. Kayagil, Deputy 
Assistant General Counsel for GSE/RESPA or Rhonda L. Daniels, Attorney-
Advisor for GSE/RESPA, Room 9262; telephone number (202) 708-3137. 
Persons with hearing or speech impairments may access this number via 
TTY by calling the toll-free Federal Information Relay Service at (800) 
877-8339.

SUPPLEMENTARY INFORMATION:

Background

    HUD published its proposed rule entitled ``Real Estate Settlement 
Procedures Act (RESPA); Proposed Rule to Improve the Process of 
Obtaining Mortgages and Reduce Consumer Settlement Costs,'' on March 
14, 2008 (73 FR 14030). This proposed rule presents HUD's proposal to 
simplify and improve the disclosure requirements for mortgage 
settlement costs under the Real Estate Settlement Procedures Act of 
1974 (RESPA), to protect consumers from unnecessarily high settlement 
costs. In response to requests for extension of the public comment 
period, HUD has agreed to extend the public comment period for an 
additional 30 days.

Extension of Public Comment Period

    The public comment period for HUD's RESPA proposed rule, published 
on March 14, 2008, is extended to June 12, 2008.

    Dated: May 7, 2008.
Frank L. Davis,
General Deputy Assistant Secretary for Housing--Federal Housing 
Commissioner.
[FR Doc. E8-10634 Filed 5-9-08; 8:45 am]

BILLING CODE 4210-67-P

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