SCRA - Finalized HUD Notice
Answer by David Dickinson, BOL Guru Guru Bios
Question: What are our obligations as a financial institution to the customer on the finalized HUD notice to servicemembers and/or their dependents as to delinquent mortgage obligations?
Answer: Good question. Since we are all just learning about this new requirement (it seems to have slipped under the radar), I suggest you bookmark this discussion in the "War, Terrorism and SCRA" forum.
[Editor's note: Jack Holzknecht and Mary Beth Guard recently covered this topic in some detail, in their Lending to Servicemembers webinar. CD-ROM copies of the presentation can be ordered in the BOL Banker Store.]
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