HUD 24 hour review prior to closing

Posted By: newyork

HUD 24 hour review prior to closing - 10/11/11 07:05 PM

Is it a regulation or mandatory for the customer to review the closing documents, including the final HUD, 24 hours prior to closing on a HPML?
Posted By: Matt_B

Re: HUD 24 hour review prior to closing - 10/11/11 08:01 PM

From what I recall, it's stated that the HUD should be available to review 24 hours prior to, if it were to be requested. There's nothing requiring them to review it that I'm aware of, just the ability to do so if they choose.
Posted By: Reads Regs

Re: HUD 24 hour review prior to closing - 10/11/11 08:20 PM

See section 3500.10 of Reg. X. http://www.bankersonline.com/regs/3500/3500-10.html