Skip to main content
Are lenders required to provide a list of the nearest available HUD-approved credit counseling agencies as previously required under the Act?

Are lenders required to provide a list of the nearest available HUD-approved credit counseling agencies as previously required under the Act?

No. Section 7 of the Act which required a lender to provide a list of HUD approved credit counseling agencies was repealed. However, Lenders must note Section 1024.20 of Regulation X mandates a list of counseling agencies be provided on certain mortgage transactions.