Skip to content
BOL Conferences
Thread Options
#1509703 - 02/14/11 03:59 PM Late Notices
WHEDA Offline
100 Club
WHEDA
Joined: Apr 2009
Posts: 189
Wisconsin
Is it a requirement that a list of counseling agencies be included with late notices for a mortgage loan, or is it only a suggestion? If a requirement, where can I find the details?
Thanks

Return to Top
Lending Compliance
#1509726 - 02/14/11 04:24 PM Re: Late Notices WHEDA
manimal Offline
Diamond Poster
manimal
Joined: Feb 2008
Posts: 2,207
Deleted
Not sure who your regulator is... but this is from the Federal Reserve for Section 106(c) of the Housing and Urban Development Act, which includes the requirements.

http://www.federalreserve.gov/boarddocs/supmanual/cch/home.pdf

If you do a google search for "Homeownership Counseling Notice Requirements", you should be able to find what you need for the other regulators.
Last edited by manimal82; 02/14/11 04:24 PM.
_________________________
We're all here 'cause we've lost control.

Innerpartysystem

Return to Top
#1509865 - 02/14/11 07:08 PM Re: Late Notices manimal
WHEDA Offline
100 Club
WHEDA
Joined: Apr 2009
Posts: 189
Wisconsin
Thank you. I am with a state housing finance authority so not directly regulated, although under the FTC for some issues.

Return to Top
#1509928 - 02/14/11 08:05 PM Re: Late Notices WHEDA
WHEDA Offline
100 Club
WHEDA
Joined: Apr 2009
Posts: 189
Wisconsin
Is anyone willing to share the text relative to the availability of counseling that is used on their late notices?
Thank you.

Return to Top
#1509951 - 02/14/11 08:31 PM Re: Late Notices WHEDA
Dan Persfull Online
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,517
Bloomington, IN
Homeowners counseling is available by calling H.U.D. at 1-800-569-4287.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#1509962 - 02/14/11 08:38 PM Re: Late Notices Dan Persfull
WHEDA Offline
100 Club
WHEDA
Joined: Apr 2009
Posts: 189
Wisconsin
I didn't anticipate that the government would let the statement be that simple.
Thanks Dan.

Return to Top

Moderator:  Andy_Z