The HUD Counseling List that we provide at the time of a real estate application shows the date it was printed on the bottom of the list. Does this date have to be within three days of the application?
Is the homeownership counseling notice required for all HELOCs? I have seen the regulation, but I am also being told there was a loophole in the regulation that says this is not a requirement.
Is the List of Homeownership Counseling Organizations exempt on a homestead loan on property of 25 acres or more?
Our Bank has implemented a procedure of keeping a second copy of the Homeownership Counseling Notice. The copy is date stamped and retained to prove that one was mailed. Is this necessary?
Is homeownership counseling still required and if so, what is the effective date?
The HUD Mortgagee Letter 2006-08 states that notice of servicemembers rights must "Be sent to all homeowners who are in default on a residential mortgage." Does this mean notices are to be sent to servicemembers only who are in default or does it require the bank to send notices to all homeowners in default regardless if they are servicemembers or not?
Now that homeownership counseling is a permanent requirement, the FFIEC has published examination procedures. The procedures themselves are fairly simple.
Can you tell me where to find a good accurate Homeownership Counseling Notice?
Where can I find a sample notice of homeownership counseling required by amendment to the National Housing Act(amendment effective 112601)?
To comply with the Homeownership counseling requirement, we put the phone number for customers to call for a list of counseling agencies on our 30 day demand notice. Are we still in compliance? We don't send out any type of pamphlets.