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cfr_sections: 24:24:2.1.1.2.6.5.145.2

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24:24:2.1.1.2.6.5.145.2 24 Housing and Urban Development II B 206   E Subpart E—HECM Counselor Roster 206.302 § 206.302 Establishment of the HECM Counselor Roster. HUD 12 U.S.C. 1715b, 1715z-20; 42 U.S.C. 3535(d) 82 FR 7117, Jan. 19, 2017, unless otherwise noted.   (a) HECM Counselor Roster. FHA maintains a Roster of HECM counselors. Only counselors listed on the Roster and employed by a participating agency are approved to provide HECM counseling. A prospective borrower applying for a HECM loan to be insured by FHA must receive the required HECM counseling from one of the counselors on the Roster. (b) Disclaimer. The inclusion of a HECM counselor on the Roster does not create or imply a warranty or endorsement by FHA of the listed counselor to a prospective HECM borrower or to any other organization or individual, nor does it represent a warranty of any counseling provided by the listed HECM counselor. The inclusion of a counselor on the Roster means that a listed counselor has met the FHA-prescribed qualifications and conditions for inclusion on the Roster and that the counselor is approved to provide HECM counseling by telephone or face-to-face.
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