Our system currently allows three types of past due notices to be sent for HUD. The three selections are HUD only, SCRA only, and then HUD-SCRA combined. With that said, we are wondering if SCRA should be sent to all other loans as the first part of our collection/repossession process? I understand this isn't a requirement. I am just trying to see if this would be a best practice for our first line of defense for SCRA compliance.
Thanks so much!
Where can I find rules regarding safe deposit boxes and notices that must be sent before they are drilled for nonpayment of rent?
Can you tell me when a "Notice of Section 169 Housing and Community
Development Act of 1987" notice is required to be sent to the consumer, other
than with a delinquent/past due notice. Are they required to be sent with
rate change notices and annual escrow analysis notices?
We had an account for a customer that has since been charged-off. She now has another account but it's a guardianship account where she is the
ward, not the guardian. Can the bank debit this guardianship account where she is the ward for her previous charge-off on another account?