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#541418 - 05/02/06 02:59 PM HUD Error - How to Resolve
Tesla Offline
Power Poster
Joined: Nov 2003
Posts: 3,726
In reviewing a loan file, I noticed the HUD-1 was not completed correctly (left off all the POCs). Do we have to redisclose or once the mistake is made, you're done? The loan officer does not want to redisclose to the customer.

Thanks for your input.

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Audit
#541419 - 05/02/06 05:44 PM Re: HUD Error - How to Resolve
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
There are no standard corrective actions outlined by HUD or the other regulatory agencies for violations such as this. IMHO - this is one that I would fix on a go forward basis.
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#541420 - 05/02/06 05:45 PM Re: HUD Error - How to Resolve
Tesla Offline
Power Poster
Joined: Nov 2003
Posts: 3,726
Thank you for your response.

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