Thread Options
#961411 - 05/19/08 06:46 PM Servicemember's notice & Homeownership Counseling
Banker Chick Offline
Junior Member
Joined: Jul 2006
Posts: 37
TN
Just wondering how other Banks are complying with notice requirements. Looking for a easy/cheap way.

We currently combine the Homeownership counseling notice with the SCRA notice. I'd like to include both notices with the late notice to save on postage and strean line a bit but the SCRA notice is so darn long.

What are you guys doing on this?
_________________________
Opinions expressed are my own and do not necessarily reflect those of my employer.

Return to Top
Lending to Servicemembers (SCRA, JWNDAA), War, Terrorism
#964176 - 05/22/08 11:54 PM Re: Servicemember's notice & Homeownership Counseling Banker Chick
Andy_Z Offline
10K Club
Andy_Z
Joined: Oct 2000
Posts: 27,355
On the Net
I've heard of more banks that over-disclosed to plug all holes, than selectively tried to ID just those applicable and send just to them. There is no way to know who is all covered.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

Return to Top
#964287 - 05/23/08 12:43 PM Re: Servicemember's notice & Homeownership Counseling Banker Chick
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,423
Bloomington, IN
We send a 5 and 10 day system generated notice, on day 15 we send a letter. The notices are included with that letter.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#973314 - 06/11/08 06:50 PM Re: Servicemember's notice & Homeownership Counseling Dan Persfull
renniks Offline
Diamond Poster
renniks
Joined: Sep 2003
Posts: 2,162
New England
I am fairly new to this bank and have been plugging away, little by little, to make sure that all is well in compliance....Today, I decided to look at SCRA and it turns out that while we are sending the Homeownership Counseling notice, we are not sending the SCRA notice with it. Can anyone direct me to the place where I can get the exact wording of the SCRA notice? I found Mortgagee Letter 2006-28, but since it was published in 2006 I don't know if there have been any changes since.

Thanks for any assistance!!

Return to Top
#973626 - 06/12/08 01:52 AM Re: Servicemember's notice & Homeownership Counseling renniks
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,423
Bloomington, IN
To the best of my knowledge the text of the notice has not changed.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#973819 - 06/12/08 02:36 PM Re: Servicemember's notice & Homeownership Counseling Dan Persfull
renniks Offline
Diamond Poster
renniks
Joined: Sep 2003
Posts: 2,162
New England
Thanks Dan. I will use what I have from 2006-28 then.

Return to Top
#1239697 - 08/26/09 06:33 PM Re: Servicemember's notice & Homeownership Counseling renniks
goingtoexperts Offline
100 Club
Joined: Jul 2006
Posts: 149
The version of the notice attached with Mortgagee Letter 2006-28 is slightly different than the verbige on HUD form 92070 (last two sections). Both of these have verbiage slightly different than what was published in the Fed Register back in March of 2007. The differences are minor, but which version should be used?

Return to Top

Moderator:  Andy_Z