Concerning the SCRA, I was told in a meeting this morning by our Internal Audit department, that we are required to provide 45 Days notice by HUD for any customers who are serving in active duty. Could someone please point me to the regulation or provide a link addressing this issue? Thank you.

I believe this is the notice you are looking for:

http://www.bankersonline.com/tools/lender/hud_scra.html

Thanks so much. I have a question relevant to the form. Does it apply to FHA loans or does it apply to both conventional and FHA loans across the board? The reason for me asking is because I noticed that it was one of those HUD numbered forms 90720.

This is from: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/nsc/qasscra1

"All mortgage loans, including conventional mortgages and mortgages insured by HUD are subject to the notification requirement that became effective June 5, 2006. The notice must:


Be sent to all homeowners who are in default on a residential mortgage;

Include the toll-free military one-source number to call if servicemembers or their dependents require further assistance (1-800-342-9647); and

Be made within 45 days from the date a missed payment was due, unless the homeowner pays the overdue amount before the expiration of the 45-day period."

Okay. Great and thanks for the guidance and link to the portal.