FDIC stated in a letter dated 8/8/2000 addressed to Tanya Duncan/Mass Bankers Assoc. that the new format for the MSD proposed by HUD and published in the Federal Register 5/9/97 that until HUD finalizes the proposed regulation, institutions supervised by FDIC may satisfy the mortgage servicing disclosure by complying with the streamlined disclosure contained in the revised statute.
Reference 62 FR 25744 appearing Friday May 9, 1997. If you use that format FDIC says it's okay. If you want use the old form and just fill out the appropriate section, check with your regional office.
Allan D. Virr, CRCM