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#1535451 - 04/14/11 01:22 PM FAQs from HUD
crlittle63 Offline
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Joined: Dec 2010
Posts: 10
We were recently written up because we indicated on our HUD on certain lines(lines 801, 802, 803, 901, all 1000 series, 1101, 1105, 1106, 1201, 1202, 1203, 1204, 1205,& 1301) who the funds were being disbursed to. We were told this "violation" could be found in the FAQs issued by HUD. However, I cannot find this stipulation. Can anyone out there show me/tell me where this is located?? My title companies are not wanting to comply with this until I can "show" them the regulation. Thanks in advance!

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#1535663 - 04/14/11 04:51 PM Re: FAQs from HUD crlittle63
Deena Offline
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Deena
Joined: Nov 2000
Posts: 2,701
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They're probably referring to this FAQ:

HUD-1 Page 2
1) Q: On which lines of page 2 of the HUD-1 is a person not required to be identified?
A: The general rule is that the names of all persons that received payment for each separately identified settlement service must be identified on page 2 of the HUD-1. There is not a requirement to identify persons on the following lines: 801, 802, 803, 901, the 1000 series, 1101, 1105, 1106, 1201, 1202, 1203, 1204, 1205 and 1301.

I don't think it's a "violation" if you indicate who the payment goes to on those lines though - it's just not required.
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#1535923 - 04/14/11 09:15 PM Re: FAQs from HUD Deena
crlittle63 Offline
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Joined: Dec 2010
Posts: 10
Thanks!

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