By Steven Shepherd, CRCM
HUD (Housing and Urban Development) has revised the SCRA notices that are generally sent along with mortgage loan statements and/or mortgage delinquency notices. Financial institutions should ensure that the current revised form is being utilized. The revised version of the SCRA notice has an updated URL address to provide resources to members of the military and contains an updated expiration date of November 30, 2024. The new notice contains all the original provisions designed to alert eligible servicemembers of their rights to exercise legal protections, including interest rate reductions. The form also provides instructions for servicemember dependents to obtain relief under the Servicemember Civil Relief Act. The revised HUD-92070 can be found on HUD’s form website at:
https://www.hud.gov/program_offices/administration/hudclips/forms/hud9
HUD (Housing and Urban Development) has revised the SCRA notices that are generally sent along with mortgage loan statements and/or mortgage delinquency notices. Financial institutions should ensure that the current revised form is being utilized. The revised version of the SCRA notice has an updated URL address to provide resources to members of the military and contains an updated expiration date of November 30, 2024. The new notice contains all the original provisions designed to alert eligible servicemembers of their rights to exercise legal protections, including interest rate reductions. The form also provides instructions for servicemember dependents to obtain relief under the Servicemember Civil Relief Act. The revised HUD-92070 can be found on HUD’s form website at:
https://www.hud.gov/program_offices/administration/hudclips/forms/hud9
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