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Washington D.C. Homeowners Assistance Fund Statute Update

Posted By USFN, Thursday, July 28, 2022

By Kevin Hildebeidel

Cohn, Goldberg & Deutsch, LLC

USFN Member (DC, MD)

 

The HAF Notice statute B24-0883 was signed by the Mayor of the District of Columbia on 7/25/22, and enacted as A24-0508. This triggers a five business-day period for the Mayor to generate a HAF Notice Form to be uploaded to the DC HAF website, for use by mortgage servicers, which period ends on 8/1/22.  Investors and Servicers cannot initiate or resume foreclosure in DC until 30 days after a compliant notice is sent.  For more information see https://lims.dccouncil.us/Legislation/B24-0883. Once the Mayor provides the template for the HAF Notice, such notices will need to be sent on each loan before servicers can proceed with the foreclosure process.

Tags:  #DC  #HAF  #USFN 

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