HUD Response. HUD cannot agree that almost every other regulating requirements improve a couple-class disbursement procedures a lot of. HUD believes that the one or two-people disbursement measures gives a lot more defenses perhaps not afforded by the these other standards. Including, two-cluster disbursements will guarantee a loan proceeds aren’t create against brand new borrower’s wants, and will make it possible to promptly alert the financial institution so you’re able to disagreements anywhere between the fresh debtor in addition to agent. Appropriately, HUD have made a decision to follow this new suggested dual disbursement conditions as opposed to alter.
Comment: Service for a couple of-people disbursements.
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