Trade groups from the real estate and mortgage lending industries have been preparing opposing arguments to take before the Department of Housing and Urban Development as the Aug. 6 hearing on the Real Estate Settlement Procedures Act nears.

Their differences revolve around four provisions in Respa's Regulation X that control an employer's payment to its own employees for referral fees, payment for computerized loan origination services, state laws or regulations governing controlled business arrangements and written disclosures of those arrangements.

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