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Late and Interest Adjustments

Questions and Answers

What is a late/interest adjustment?

Removal of late and/or interest charges that were assessed for late or missing Single Family monthly (periodic) mortgage insurance premiums for a specified case within a given period.

What are valid reasons for a late/interest adjustment?

The established criteria for the Department of Housing and Urban Development (HUD) to approve an adjustment are:

  • Disaster conditions at lender or HUD site
  • Transmission problem at HUD site
  • System problem at HUD site

How can I get late/interest charges adjusted?

Send a request through e-mail to the Interest and Late Charge Review Committee in HUD's Single Family Insurance Operations Division. The request must include:

  • Subject line of the e-mail message must include the lender ID and indicate the program type (Periodic or Upfront) Late/Interest Adjustment Request
  • Lender name and ID
  • Federal Housing Administration (FHA) case numbers of affected cases
  • Reason for the adjustment
  • Period for which an adjustment is to be processed (month(s) and year)
  • Indication of whether the adjustment is for late, interest, or both
  • Lender contact name, email, and telephone number

Upon request, you must submit documentation needed to support the late/interest adjustment.