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#2118718 - 02/17/17 05:23 PM HUD's Homeownership Counseling notice
Bville Offline
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Bville
Joined: May 2001
Posts: 1,282
Out West
Can someone PLEASE provide me a link to the rules for the Homeownership Counseling notice required by §106(c)(5). For the life of me I can't find §106(c)(5).

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Lending Compliance
#2118742 - 02/17/17 06:15 PM Re: HUD's Homeownership Counseling notice Bville
Dan Persfull Offline
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Dan Persfull
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Bloomington, IN
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#2118745 - 02/17/17 06:19 PM Re: HUD's Homeownership Counseling notice Bville
rlcarey Online
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rlcarey
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Galveston, TX
Dan, I think they are referring to the past due notice requirements. Go here and click on the link to the law:

https://www.fdic.gov/regulations/compliance/manual/5/V-4.1.pdf
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#2118767 - 02/17/17 07:16 PM Re: HUD's Homeownership Counseling notice Bville
Bville Offline
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Bville
Joined: May 2001
Posts: 1,282
Out West
Thanks rlcarey that is exactly what I was looking for.

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#2211945 - 04/24/19 02:31 PM Re: HUD's Homeownership Counseling notice Bville
Jan94 Offline
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Joined: Mar 2001
Posts: 828
USA
Would anyone happen to know where to find what the penalties are for violation of this particular requirement? I'm not finding that it's specifically stated in §106(c)(5) of the Housing and Urban Development Act of 1968 (12 USC 1701x(c)(5)). Thank you.

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#2211973 - 04/24/19 03:30 PM Re: HUD's Homeownership Counseling notice Bville
rlcarey Online
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rlcarey
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Galveston, TX
Any violation of law carries the possibility of FIRREA penalties. I am not sure why people focus on specific citations for these?
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#2211981 - 04/24/19 04:37 PM Re: HUD's Homeownership Counseling notice Bville
Jan94 Offline
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Joined: Mar 2001
Posts: 828
USA
I was able to find FIRREA but didn't know if there would have been anything else specific as there are in other regulations. Thank you for your help and confirmation.

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