RESPA does NOT require the HUD be provided in advance. This is so often repeated that it becomes almost 'conventional wisdom', but it's not true.
Excerpt from RESPA:
(b) The form prescribed under this section shall be completed and
made available for inspection by the borrower at or before settlement by
the person conducting the settlement, except that (1) the Secretary may exempt from the requirements of this section settlements occurring in localities where the final settlement statement is not customarily
provided at or before the date of settlement, or settlements where such
requirements are impractical and (2) the borrower may, in accordance
with regulations of the Secretary, waive his right to have the form made
available at such time. Upon the request of the borrower to inspect the
form prescribed under this section during the business day immediately
preceding the day of settlement, the person who will conduct the
settlement shall permit the borrower to inspect those items which are
known to such person during such preceding day. |
