Regulation & law · 06/12/2000Updated: 10/17/2026 · 1 min read

HUD to Propose Rule Increasing Damages for Failure to Engage in Loss Mitigation

The U.S. Department of Housing and Urban Development (HUD) plans to issue a proposed rule that would triple damages for mortgagees who fail to engage in loss mitigation actions, as mandated by a 1998 Congressional amendment to the National Housing Act.