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Housing Counseling FAQ
Q

In the case where a HECM counseling client receives counseling and elects to have the fee paid out of loan proceeds but then does not proceed with the loan or go to closing, can a donation be requested of the client?

Date Published: September 2015

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A

The counseling agency may pursue collecting the fee from the client. However, a donation cannot be requested from a client whose fee was waived.


Tags: Housing Counseling Program HECM Counseling Fees

FAQ ID:

2555