Is there a current Payoff Procedure Disclosure for FHA loans?

Yes, in response to a prepayment inquiry, request for payoff, or tender of prepayment in full, mortgagees must use the Payoff Procedure Disclosure notice provided on the Single Family Mortgages Model Documents webpage at:
https://www.hud.gov/program_offices/housing/sfh/model_documents
 
The specific link is at: https://www.hud.gov/sites/documents/SFPAYOFFPROCDISC.PDF

Additional questions may be directed to the HUD National Servicing Center at (877) 622-8525.
 
Guidance for Payoff Disclosure Requirements is located in Handbook 4000.1 III.A.1.e.v.(C)(3) at: https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-05169