Regulation X
- A rule issued by the Department of Housing and Urban Development which enforces the Real Estate Settlement Procedures Act
- To ensure a smooth real estate transaction, the parties involved must comply with Regulation X.
- Failure to adhere to Regulation X can result in legal penalties due to its role in enforcing the Real Estate Settlement Procedures Act.
- Understanding the provisions of Regulation X is critical for anyone involved in the real estate settlement process.
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