Housing Counseling FAQ
Q

What will agencies do if they have already invoiced HUD but the client paid out of loan proceeds later?

Date Published: September 2015

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A

Agencies will need to keep accurate accounting records. In this case an agency would attribute the HUD grant to a person whose fee was waived. This issue will mostly affect end of year reporting.


Tags: Housing Counseling Program HECM Counseling Fees

FAQ ID:

2562