Wolters Kluwer Financial Services, Minneapolis, is offering banks, credit unions and mortgage lenders a "tool kit" aimed at helping them prepare for new Real Estate Settlement Procedures Act requirements. The company said its RESPA Tool Kit offers financial institutions an overview of the Department of Housing and Urban Development's changes. These include revisions to the Good Faith Estimate and HUD-1 and HUD-1A documents, as well as Settlement Cost booklets. The new RESPA requirements are slated to take effect on Jan. 1, 2010. Wolters Kluwer Financial Services provides compliance, content, and technology services.
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