FHA Single Family Housing Policy Handbook 4000.1, IV. CLAIMS AND DISPOSITION > A. Title II Claims > 6. Debt Collection and Administrative Offset — c. Initiation of Offset Action
HUD effective date: 09/30/2016 · section IV.A.6 · Handbook 4000.1
FHA Single Family Housing Policy Handbook 4000.1, Part IV — c. Initiation of Offset Action (09/30/2016).
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Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, IV. CLAIMS AND DISPOSITION > A. Title II Claims > 6. Debt Collection and Administrative Offset — c. Initiation of Offset Action — 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 — c. Initiation of Offset Action (09/30/2016)
c. Initiation of Offset Action (09/30/2016) HUD will initiate the offset action if HUD does not receive the funds from the Mortgagee within 30 Days from the date of the Notice of Intent to Collect by Administrative Offset and the Mortgagee has not submitted a request for a HUD review of the determination of indebtedness. B. TITLE II DISPOSITION This section provides the standards and procedures applicable to the disposition of Real Estate Owned (REO) Single Family Properties acquired by HUD as a result of foreclosure of FHA- insured Mortgages or special acquisitions. All parties participating in HUD disposition programs must fully comply with all of the following standards and procedures. Terms and acronyms used in this Handbook 4000.1 have their meanings defined in the Glossary and Acronyms and in the specific section of Handbook 4000.1 in which the definitions are located. 1. Management and Marketing Program HUD’s Management and Marketing (M&M) program is HUD’s contracting network used to manage and market Single Family Properties owned by or in the custody of HUD.
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Source of record: https://claudeforcompliance.com/regs/hud-4000-1-iv-c-initiation-of-offset-action/
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