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SCRA HUD Disclosure Requirement

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Question: 
My question revolves around SCRA. It is my understanding the HUD disclosure is required within 45 days to all borrowers. In discussing this requirement, our attorneys are giving me grief stating the language is only required in their demand letters, that the actual HUD form is not required. Is this the case?
Answer: 

If we are talking about the HUD counseling notice, there is a big misunderstanding between you and your attorneys. Counseling does very little good when you're sending demand notices and proceeding to foreclosures.

You'll find more on this requirement, including links to HUDs original instructions on our SCRA notice and tools page.

First published on BankersOnline.com 6/10/13

First published on 06/10/2013

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