September 16, 1997




Fred M. Haden, Esq.
Moshos, Haden, De Deo & Machen, P.C.
10521 Judicial Drive, Suite 201
Fairfax, VA 22030

Re: Credit Union Service Organization (CUSO)
Your letter dated August 21, 1997.

Dear Mr. Haden:

You ask whether real estate property settlement and title insurance agency services related to one- to four-family properties are permissible CUSO services. Yes, these services are permissible under the categories of "loan processing, servicing, and sales" and "agency for sale of insurance." 12 C.F.R. �1.27(d)(5)((i and ii). These services would continue to be permissible under the proposed revision to the CUSO rule. 62 Fed. Reg. 11779 at 11788 (to be codified at 12 C.F.R. �2.5(g and i)) (proposed March 13, 1997).

Sincerely,


Sheila A. Albin
Associate General Counsel

GC/MSC:sg
SSIC 4660
97-0840

cc: Region II