Under the SCRA, HUD says that the required notice must be sent to borrowers who default on their mortgage loans. So, if we take that literally, it would not apply to a commercial loan to a business that is secured by a 1-4 SFR or to a guaranty of a commercial loan secured by a 1-4. For example, a loan made to ABC Corporation is secured by John Doe's SFR. In this case, would ABC Corporation get the HUD Notice? Or should it go to John Doe? Or to both? Or, if a loan is made to ABC Corporation and John Doe guaranties and the guaranty is secured by John's SFR. Is the borrower (or only the guarantor) required to get the HUD Notice? I understand HUD has not excluded business purpose loans - but am confused how that relates to the business being a separate entity from the individual/homeowner? The borrower in these cases is the the homeowner yet the home is pledged?