Q: When does the new RESPA Rule take effect?
A: The November 2008 RESPA Rule was effective January 16, 2009. Implementation of the provisions are as follows: Average Charge (optional) - January 16, 2009; Servicing Disclosure Statement - January 16, 2009; Other technical changes -January 16, 2009; New GFE - January 1, 2010; New HUD-1/HUD-1A (for all transactions in which the new GFE is used) - January 1, 2010; Tolerances - January 1, 2010; and Elimination of FHA Cap On Origination Fees - January 1, 2010.
This can be found in General - FAQ#1 of HUD’s FAQs. HUD’s FAQs can be found at http://www.hud.gov/offices/hsg/rmra/res/respa_hm.cfm