A bill to suspend sections 4, 6, and 7 of the Real Estate Settlement Procedures Act of 1974, and repeal subsection (c) of section 121 of the Truth in Lending Act.

[AI summary unavailable — showing source text] Suspends, for one year, provisions of the Real Estate Settlement Procedures Act: (1) relating to development of a standard form for the statement of settlement costs in all transactions involving federally related mortgage loans; (2) requiring advance disclosure of settlement costs to prospective borrowers; and (3) requiring the disclosure of the previous selling price of existing real property.…