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Housing Counseling FAQ
Q

Can an agency use a sliding scale for fees?

Date Published: September 2015

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A

An agency must not offer a discount on Home Equity Conversion Mortgage (HECM) counseling charges based on the client’s ability to pay for counseling services upfront. Clients that need to pay for counseling services out of the loan proceeds must not be penalized for having to do so.


Tags: Housing Counseling Program HECM Counseling Fees

FAQ ID:

2564