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#1532318 - 04/06/11 06:38 PM Re: Servicemember notice - correct language. Reads Regs
Indy Banker Offline
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Make sure you are sending the notice to all borrowers with loans secured by any 1-4 residential home - regardless of loan purpose and lien position. We were not sending these to our commercial borrowers and were cited by our FDIC examiner because HUD does not exclude business-purpose loans from the notice requirement. For example, a servicemember could have a home in PA but be stationed in Georgia. Many time the servicemember will rent out their residence in their home state and buy another home near their duty station. If the home in PA is secured by a mortgage, the servicemember's rights under the SCRA are to be apply to the house in PA they are renting out as well. Our commercial loan delinquency notices are handled by a different department than our residential loans, so we were not complying with the notice requirement on the commercial side.

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Lending to Servicemembers (SCRA, JWNDAA), War, Terrorism
#1532637 - 04/07/11 12:21 PM Re: Servicemember notice - correct language. Indy Banker
MarieR Offline
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The two forms are different. The pdf has the phone number and the word doc has the website. Are they really ever going to get this right?
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#1533611 - 04/08/11 08:55 PM Re: Servicemember notice - correct language. MarieR
Andy_Z Offline
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I'm not seeing the form on HUD Clips?

HUD-92068-A Monthly Delinquent Loan Report (10/2006))
HUD-92080 Mortgage Record Change--Multifamily (10/05)
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#1533823 - 04/11/11 02:45 PM Re: Servicemember notice - correct language. Andy_Z
Phoenix Offline
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same as of this AM. Andy, is it possible that someone at HUD read this thread and realized that the DOC and PDF versions aren't in sync?

; )
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#1534094 - 04/11/11 09:49 PM Re: Servicemember notice - correct language. Phoenix
Reads Regs Offline
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This page on HUD's website has a link to a PDF version of the notice but it is the one dated 1/11. http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/nsc/qasscra1
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#1534262 - 04/12/11 02:15 PM Re: Servicemember notice - correct language. Reads Regs
Phoenix Offline
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what about (found yesterday, after a lot of digging)
http://portal.hud.gov/hudportal/documents/huddoc?id=DOC_35467.doc

or is that out of date, too?
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#1534769 - 04/13/11 12:55 PM Re: Servicemember notice - correct language. Phoenix
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What a joke. HUD can't even post a simple one-page form correctly on their web site, and yet they now require regulated, examined institutions to submit a detailed audit report annually to them.
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#1534835 - 04/13/11 02:19 PM Re: Servicemember notice - correct language. Sinatra Fan
Phoenix Offline
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while you can get to that Word version via the hyperlink, you can not find it if you simply use the search box on hud.gov. Unbelievable.

and, although the Federal Government really pushes www.militaryonesource.com as the single best reference to answer all types of non-combat questions and concerns, it's tough to find a quick, short link to its information on SCRA. : (
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#1535682 - 04/14/11 05:11 PM Re: Servicemember notice - correct language. Phoenix
JacksTigger Offline
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lost in compliance land
I know that the HUD SCRA notice is for residential loans.

I've searched and searched, but can't find this.... cry

Is there a required notice that must go out to delinquent borrowers on other consumer purpose loans, like auto loans??
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#1536021 - 04/15/11 02:16 PM Re: Servicemember notice - correct language. JacksTigger
Andy_Z Offline
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I've seen no requirement or suggestions for other loans.
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#1536119 - 04/15/11 03:47 PM Re: Servicemember notice - correct language. Andy_Z
JacksTigger Offline
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lost in compliance land
Ok - so it's not required.

Would it be wrong to include a short statement about calling us if you are on active duty on letters to delinquent borrowers for other loans?? confused

We have a affiliate that only has other consumer purpose loans, cars, boats, RV's. Trying to figure out if a statment should/could be on their letters too.

Thoughts???
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#1537623 - 04/19/11 07:26 PM Re: Servicemember notice - correct language. JacksTigger
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[PDF] Servicemembers Civil US Department of Housing Relief Act and Urban ... ... Legal Rights and Protections Under the SCRA Servicemembers ... App. ยงยง 501-596) (SCRA).
Who May Be Entitled to Legal Protections Under the SCRA? ...
portal.hud.gov/idc/groups/chco_admingrp/documents/document/doc_13065.pdf.pdf - 2011-04-03 - Text Version


so - is this the latest, correct link to HUD 92070?
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#1538008 - 04/20/11 04:13 PM Re: Servicemember notice - correct language. Phoenix
Andy_Z Offline
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Honestly since they posted, revised and pulled, I don't know what HUD would say is the latest. By the date, that wouldn't have been. I don't believe they know at this point.

Jacks, I don't know if MilitaryOnesource would answer questions or assist on non-mortgage debt, if they'd impose a fee or what. I assume (yes, I live dangerously) that OnsSource is a contractor and bills DoD for the records they submit.
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#1550041 - 05/12/11 02:57 PM Re: Servicemember notice - correct language. Reads Regs
Ann Offline
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Apparently it has disappeared again. Does anyone know what is going on and which version we should be using?

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#1550648 - 05/12/11 11:00 PM Re: Servicemember notice - correct language. Ann
Andy_Z Offline
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There is no good answer. Personally because you are required to provide a notice, and do not suspect any major errors were evident, I would use the latest we had. I think it is better than nothing. Obviously on the other side of the coin it was pulled for a reason. But at least the notice of free counselling is being sent this way.

As to an official version, currently there isn't one. Whether that is a good reason not to send it as required is any one's call. :p

The shame of it is that it is required and presumably has a purpose, but the message that HUD is sending is that it is of no importance.
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#1551021 - 05/13/11 05:18 PM Re: Servicemember notice - correct language. Andy_Z
Indy Banker Offline
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And I'm sure the person that HUD listed to contact for questions will be extremely pleasant and helpful....

HUD-92070 Servicemembers Civil Relief Act Notice Disclosure
(This particular form is temporarily unavailable at this time. If you have any questions regarding this form, please contact Camille Acevedo at (202) 708-1793 x5132 per the program office contact.)

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#1566214 - 06/16/11 10:29 PM Re: Servicemember notice - correct language. Indy Banker
Andy_Z Offline
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HUD has updated the form. I've updated the BOL tool and have a PDF version denoting the differences between the March and June versions. They are signficant. On our Word verion, I corrected a HUD typo.

http://www.bankersonline.com/tools/tools.html
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#1566296 - 06/17/11 12:41 PM Re: Servicemember notice - correct language. Andy_Z
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Thanks, Andy! As nuts as it is trying to keep up with the various iterations of the HUD notice, I can't imagine doing it without BOL's help!!!
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#1566332 - 06/17/11 01:20 PM Re: Servicemember notice - correct language. Sinatra Fan
Dave M_TCA Online
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Nut's is right Sinatra Fan. Not that I doubt BOL (never!) but I haven't found the revised form on HUDs website. Anyone found it there yet?
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#1566333 - 06/17/11 01:29 PM Re: Servicemember notice - correct language. Sinatra Fan
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RAnt- Our core provider fixed YESTERDAY the previous change. ARGH! End Rant.

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#1566394 - 06/17/11 02:15 PM Re: Servicemember notice - correct language. Always In Training
John Burnett Offline
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There's one other typo in the Word document downloaded from the HUD site. The last paragraph refers to the "Unites States." We're making that change to the BOL Tools version of the document.

"DUH" strikes again.
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#1566399 - 06/17/11 02:15 PM Re: Servicemember notice - correct language. Dave M_TCA
Andy_Z Offline
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Originally Posted By: Jacob's Dad
Nut's is right Sinatra Fan. Not that I doubt BOL (never!) but I haven't found the revised form on HUDs website. Anyone found it there yet?


Another poster gave us http://portal.hud.gov/hudportal/documents/huddoc?id=92070.doc but it has a couple typos.
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Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#1566402 - 06/17/11 02:18 PM Re: Servicemember notice - correct language. Andy_Z
Phoenix Offline
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You won't find it if you just search on "SCRA" on the HUD website. Andy's link is best, but - duh.
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#1566427 - 06/17/11 02:46 PM Re: Servicemember notice - correct language. Phoenix
Dave M_TCA Online
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Thanks guys. It's too bad that HUD doesn't have spell-check on their computers.
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#1566951 - 06/20/11 03:24 PM Re: Servicemember notice - correct language. Always In Training
Sewanee, CRCM Offline
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Any idea how long we have to start using the new one?
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