Thread Options
|
#1532318 - 04/06/11 06:38 PM
Re: Servicemember notice - correct language.
Reads Regs
|
Platinum Poster
Joined: Aug 2010
Posts: 528
|
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.
|
Return to Top
|
|
|
|
#1532637 - 04/07/11 12:21 PM
Re: Servicemember notice - correct language.
Indy Banker
|
Platinum Poster
Joined: Nov 2005
Posts: 614
|
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?
_________________________
CRCM
|
Return to Top
|
|
|
|
#1533611 - 04/08/11 08:55 PM
Re: Servicemember notice - correct language.
MarieR
|
10K Club
Joined: Oct 2000
Posts: 27,748
On the Net
|
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)
_________________________
AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
|
Return to Top
|
|
|
|
#1533823 - 04/11/11 02:45 PM
Re: Servicemember notice - correct language.
Andy_Z
|
Platinum Poster
Joined: May 2003
Posts: 832
southeast
|
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?
; )
_________________________
From the end spring new beginnings. Pliny the Elder
|
Return to Top
|
|
|
|
#1534769 - 04/13/11 12:55 PM
Re: Servicemember notice - correct language.
Phoenix
|
Power Poster
Joined: Jul 2002
Posts: 5,568
New Jersey
|
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.
_________________________
Management is doing things right; leadership is doing the right things. Peter Drucker
|
Return to Top
|
|
|
|
#1534835 - 04/13/11 02:19 PM
Re: Servicemember notice - correct language.
Sinatra Fan
|
Platinum Poster
Joined: May 2003
Posts: 832
southeast
|
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. : (
_________________________
From the end spring new beginnings. Pliny the Elder
|
Return to Top
|
|
|
|
#1535682 - 04/14/11 05:11 PM
Re: Servicemember notice - correct language.
Phoenix
|
Gold Star
Joined: Jan 2010
Posts: 265
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.... Is there a required notice that must go out to delinquent borrowers on other consumer purpose loans, like auto loans??
_________________________
Don't cry because it's over. Smile because it happened ~ Dr. Seuss
CRCM
|
Return to Top
|
|
|
|
#1536021 - 04/15/11 02:16 PM
Re: Servicemember notice - correct language.
JacksTigger
|
10K Club
Joined: Oct 2000
Posts: 27,748
On the Net
|
I've seen no requirement or suggestions for other loans.
_________________________
AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
|
Return to Top
|
|
|
|
#1536119 - 04/15/11 03:47 PM
Re: Servicemember notice - correct language.
Andy_Z
|
Gold Star
Joined: Jan 2010
Posts: 265
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?? 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???
_________________________
Don't cry because it's over. Smile because it happened ~ Dr. Seuss
CRCM
|
Return to Top
|
|
|
|
#1537623 - 04/19/11 07:26 PM
Re: Servicemember notice - correct language.
JacksTigger
|
Platinum Poster
Joined: May 2003
Posts: 832
southeast
|
[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?
_________________________
From the end spring new beginnings. Pliny the Elder
|
Return to Top
|
|
|
|
#1538008 - 04/20/11 04:13 PM
Re: Servicemember notice - correct language.
Phoenix
|
10K Club
Joined: Oct 2000
Posts: 27,748
On the Net
|
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.
_________________________
AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
|
Return to Top
|
|
|
|
#1550041 - 05/12/11 02:57 PM
Re: Servicemember notice - correct language.
Reads Regs
|
Platinum Poster
Joined: Jul 2001
Posts: 564
South Carolina
|
Apparently it has disappeared again. Does anyone know what is going on and which version we should be using?
|
Return to Top
|
|
|
|
#1550648 - 05/12/11 11:00 PM
Re: Servicemember notice - correct language.
Ann
|
10K Club
Joined: Oct 2000
Posts: 27,748
On the Net
|
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.
_________________________
AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
|
Return to Top
|
|
|
|
#1551021 - 05/13/11 05:18 PM
Re: Servicemember notice - correct language.
Andy_Z
|
Platinum Poster
Joined: Aug 2010
Posts: 528
|
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.)
|
Return to Top
|
|
|
|
#1566214 - 06/16/11 10:29 PM
Re: Servicemember notice - correct language.
Indy Banker
|
10K Club
Joined: Oct 2000
Posts: 27,748
On the Net
|
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
_________________________
AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
|
Return to Top
|
|
|
|
#1566296 - 06/17/11 12:41 PM
Re: Servicemember notice - correct language.
Andy_Z
|
Power Poster
Joined: Jul 2002
Posts: 5,568
New Jersey
|
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!!!
_________________________
Management is doing things right; leadership is doing the right things. Peter Drucker
|
Return to Top
|
|
|
|
#1566332 - 06/17/11 01:20 PM
Re: Servicemember notice - correct language.
Sinatra Fan
|
Platinum Poster
Joined: Oct 2000
Posts: 686
Wherever my most benevolent em...
|
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?
_________________________
David J Mulkerin, CRCM All opinions expressed are mine and not those of my employer and are not to be taken as legal advice.
|
Return to Top
|
|
|
|
#1566394 - 06/17/11 02:15 PM
Re: Servicemember notice - correct language.
Always In Training
|
10K Club
Joined: Oct 2000
Posts: 40,086
Cape Cod
|
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.
_________________________
John S. Burnett BankersOnline.com Fighting for Compliance since 1976 Bankers' Threads User #8
|
Return to Top
|
|
|
|
#1566399 - 06/17/11 02:15 PM
Re: Servicemember notice - correct language.
Dave M_TCA
|
10K Club
Joined: Oct 2000
Posts: 27,748
On the Net
|
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.
_________________________
AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
|
Return to Top
|
|
|
|
#1566402 - 06/17/11 02:18 PM
Re: Servicemember notice - correct language.
Andy_Z
|
Platinum Poster
Joined: May 2003
Posts: 832
southeast
|
You won't find it if you just search on "SCRA" on the HUD website. Andy's link is best, but - duh.
_________________________
From the end spring new beginnings. Pliny the Elder
|
Return to Top
|
|
|
|
#1566427 - 06/17/11 02:46 PM
Re: Servicemember notice - correct language.
Phoenix
|
Platinum Poster
Joined: Oct 2000
Posts: 686
Wherever my most benevolent em...
|
Thanks guys. It's too bad that HUD doesn't have spell-check on their computers.
_________________________
David J Mulkerin, CRCM All opinions expressed are mine and not those of my employer and are not to be taken as legal advice.
|
Return to Top
|
|
|
|
#1566951 - 06/20/11 03:24 PM
Re: Servicemember notice - correct language.
Always In Training
|
Gold Star
Joined: Dec 2006
Posts: 435
TN
|
Any idea how long we have to start using the new one?
_________________________
____________________________________ Keep Calm and Carry On CRCM
|
Return to Top
|
|
|
|
|
|