CLARIFICATION OF RESPA DISCLOSURE REQUIREMENTS.

SEC. 345. CLARIFICATION OF RESPA DISCLOSURE REQUIREMENTS. Section 6(a)(1)(B) of the Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 2605(a)(1)(B)) is amended— (1) by striking “(B) for each of the most recent” and inserting “(B) at the choice of the person making a federally related mortgage loan— “(i) for each of the most recent”; (2) by redesignating clauses (i) and (ii) as subclauses (I) and (II), respectively, and indenting appropriately; (3) by striking “and” at the end of subclause (II) (as redesignated by paragraph (2)) and inserting “or”; and (4) by inserting after clause (i) (as redesignated by paragraph (1)) the following new clause: “(ii) a statement that the person making the loan has previously assigned, sold, or transferred the servicing of federally related mortgage loans; and”.