Data / Federal rules / 2024-27077

Modernization of Engagement With Mortgagors in Default: Partial Extension of Compliance Date

The Housing and Urban Development Department published this final rule in the Federal Register on November 21, 2024.

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What the agency says

This document extends the compliance date for certain provisions of HUD's final rule entitled "Modernization of Engagement with Mortgagors in Default" that require mortgagees to conduct meetings with all mortgagors in default. This requirement includes borrowers who do not reside in the mortgaged property and with mortgagees where the relevant property is not within 200 miles of the mortgagee, its servicer, or a branch office, which were excepted under HUD's existing regulation for conducting meetings with mortgagors in default. The compliance date for these provisions is extended until July 1, 2025. HUD is taking this action to permit mortgagees sufficient time to update their mortgage servicing processes and procedures to comply with the policy that will be established in a forthcoming mortgagee letter entitled "Modernization of Engagement with Borrowers in Default."

Key facts

Document number: 2024-27077
Type: Final rule
Action: Final rule; partial extension of compliance date
Agency: Housing and Urban Development Department
Published: November 21, 2024
Dates: The compliance date for the final rule amending 24 CFR 203.604, published August 2, 2024, at 89 FR 63082 as it applies to certain mortgagors and properties is extended until July 1, 2025. See SUPPLEMENTARY INFORMATION for more information.
Docket: Docket No. FR-6353-N-03
Regulation ID (RIN): 2502-AJ66
Code of Federal Regulations: 24 CFR 203
Pages: 2

The document on federalregister.gov PDF

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Everything from the Housing and Urban Development Department · Published in November 2024

Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.