OCC 95-29
Subject:  RESPA -- Availability of Escrow Software          Description:  Notice 

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

The Department of Housing and Urban Development (HUD) published a
final rule establishing escrow accounting procedures under the
Real Estate Settlement Procedures Act on October 26, 1994.  The
rule requires disclosure of an aggregate accounting adjustment
for the last line in the 1000 series of the HUD-1 and HUD-1A
settlement statements.  On April 4, 1995, HUD published a notice
in the Federal Register of the availability of software to
calculate the numerical value of the aggregate accounting
adjustment.

Attached is a copy of the notice published in the Federal
Register.  The notice provides instructions for obtaining the
software on the Internet at no charge or via mail or phone for a
$15 charge.  The notice also provides a toll free telephone
number to answer inquiries about the software and/or order a
software diskette.  That toll free number is (800) 245-2691.






                                          
Stephen M. Cross
Deputy Comptroller for
 Consumer & Fiduciary Compliance


Attachment
Date:  June 21, 1995
Fed. Reg. 60, No.64, pg. 16985, April 4, 1995