OCC 99-14
Subject: Real Estate Settlement Procedures Act
Description: Statement of Policy: Lender
             Payments to Mortgage Brokers
Date: March 29, 1999

TO:  Chief Executive Officers and Compliance Officers of All
     National Banks, Department and Division Heads, and All
     Examining Personnel


On March 1, 1999, the Department of Housing and Urban Development
(HUD) published in the Federal Register a statement of policy
regarding lender payments to mortgage brokers under the Real
Estate Settlement Procedures Act.  The policy statement provides
HUD's views on the legality of lender payments to mortgage
brokers.  The policy is effective March 1, 1999.   

A copy of the statement of policy is attached.  Questions may be
directed to your supervisory office or the Community and Consumer
Policy Division at (202) 874-4428.




                                                            
Nanette G. Goulet
Acting Deputy Comptroller 
Community and Consumer Policy

Attachment - 64 FR 10080