Lenders upset over the overlapping disclosure requirements imposed on home equity loans by the Real Estate Settlement Procedures Act may get a reprieve in January when HUD issues its final rule on subordinate liens.

A leaked draft of HUD's final rule obtained by the Mortgage Marketplace revealed the department plans to allow home equity line of credit lenders that comply with Regulation Z. Truth in Lending, to ignore the overlapping Respa Regulation X disclosure requirements.

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