President Robinson’s Statement on Attorney Exemption in HUD’s Final Rule

WASHINGTON, D.C. – August 15, 2011 – (RealEstateRama) — The Department of Housing and Urban Development’s final mortgage loan originator rule, which exempts licensed attorneys when they are providing legal services to their clients and are in compliance with all applicable state court ethical rules and standards, is not just a win for the already well-regulated legal profession, but also for their homeowner clients.


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Founded in 1875 and based in Washington, DC, the American Bankers Association (ABA) brings together banks of all sizes and charters into one association. ABA works to enhance the competitiveness of the nation's banking industry and strengthen America's economy and communities. Its members – the majority of which are banks with less than $125 million in assets – represent over 95 percent of the industry's $13.6 trillion in assets and employ over 2 million men and women.

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