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Printing Timeline for HUD Counseling List

Question: 
The HUD Counseling List that we provide at the time of a real estate application shows the date it was printed on the bottom of the list. Does this date have to be within three days of the application?
Answer: 

Within three days of application you must provide the list (which must be no older than 30 days from criteria established in 1024.20(a)(i) and (ii)). As long as the bank meets both parts of the timing criteria, it is permissible to make multiple copies of the list to have on hand to provide to customers, bearing the date of printing.

Vendor: 
Wipfli's Financial Institutions Practice has served the banking industry for more than 85 years. Our seasoned professionals have banking experience, dedicate their time to clients throughout the United States, and provide regulatory compliance, information technology, risk management, strategic planning, board development, audit, and tax services. Visit http://www.wipfli.com/fi, call 800.486.3454 or contact wipflifipractice@wipfli.com.

First published on 07/19/2015

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