FHA Single Family Housing Policy Handbook 4000.1, III. SERVICING AND LOSS MITIGATION > A. TITLE II INSURED HOUSING PROGRAMS FORWARD MORTGAGES > 2. Default Servicing — b. Reporting to Consumer Reporting Agencies and the IRS
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HUD effective date: 03/31/2022 · section III.A.2 · Handbook 4000.1
FHA Single Family Housing Policy Handbook 4000.1, Part III — b. Reporting to Consumer Reporting Agencies and the IRS (03/31/2022).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, III. SERVICING AND LOSS MITIGATION > A. TITLE II INSURED HOUSING PROGRAMS FORWARD MORTGAGES > 2. Default Servicing — b. Reporting to Consumer Reporting Agencies and the IRS — 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 III — b. Reporting to Consumer Reporting Agencies and the IRS (03/31/2022)
b. Reporting to Consumer Reporting Agencies and the IRS (03/31/2022) The Mortgagee is responsible for: • complying with applicable law and federal regulations relating to reporting to consumer reporting agencies; and • ensuring that all reported information is accurate. The Mortgagee is also responsible for any required IRS reporting regarding acquisition of secured Property or cancellation of mortgage debt, in accordance with the Internal Revenue Code (IRC).
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Source of record: https://claudeforcompliance.com/regs/hud-4000-1-iii-b-reporting-to-consumer-reporting-agencies-and-the-irs/
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