FHA Single Family Housing Policy Handbook 4000.1, Part IV — b. Notice of Intent to Collect Administrative Offset (09/30/2016)
FHA Single Family Housing Policy Handbook 4000.1, Part IV — b. Notice of Intent to Collect Administrative Offset (09/30/2016).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part IV — b. Notice of Intent to Collect Administrative Offset (09/30/2016) — 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 IV — b. Notice of Intent to Collect Administrative Offset (09/30/2016)
b. Notice of Intent to Collect Administrative Offset (09/30/2016) i. Issuance of Notice of Intent to Collect by Administrative Offset HUD will issue a Notice of Intent to Collect by Administrative Offset to the Mortgagee, should the Mortgagee fail to respond to the Demand Letter, or should HUD determine that the Mortgagee’s rebuttal fails to demonstrate that the Mortgagee is not responsible for the debt. ii. Required Mortgagee Action The Mortgagee must remit funds within 30 Days from the date of the Notice of Intent to Collect by Administrative Offset. iii. Request for HUD Review After receiving a Notice of Intent to Collect by Administrative Offset, the Mortgagee may request a review of the case in accordance with 24 CFR Part 17 and/or as otherwise instructed in the Notice. iv. Departmental Review Appeals will be reviewed in accordance with 24 CFR Part 17.