FHA Single Family Housing Policy Handbook 4000.1, II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT > B. TITLE II INSURED HOUSING PROGRAMS REVERSE MORTGAGES > 1. Origination/Counseling Requirements — e. Counseling Prohibited Practices
HUD effective date: 04/29/2024 · section II.B.2 · Handbook 4000.1
FHA Single Family Housing Policy Handbook 4000.1, Part II — e. Counseling Prohibited Practices (04/29/2024).
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Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT > B. TITLE II INSURED HOUSING PROGRAMS REVERSE MORTGAGES > 1. Origination/Counseling Requirements — e. Counseling Prohibited Practices — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part II — e. Counseling Prohibited Practices (04/29/2024)
e. Counseling Prohibited Practices (04/29/2024) i. Definition Counseling Prohibited Practices refers to steering, directing, recommending, or otherwise encouraging any individual to seek the services of any one particular Participating Agency or HECM counselor. Interested Parties refer to sellers, real estate agents, builders, developers, Mortgagees, TPO, or other parties with an interest in the transaction. ii. Prevention of Undue Influence in HECM Counseling Interested Parties to the transaction must not: • be present during HECM counseling; or • provide Borrowers with advance copies of the HECM counselor’s review questions with answers. iii. Prohibited Steering and Payment of HECM Counseling Fees The Mortgagee must not engage in Counseling Prohibited Practices. The Mortgagee must not: • discuss a Borrower’s personal information, including the timing or scheduling of the counseling; or • request information regarding the topics covered in a counseling session. The Mortgagee must not pay a Participating Agency or HECM counselor, directly or indirectly, for HECM counseling services.
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