The Mortgagee Review Board (MRB) will send the mortgagee a Notice of Violation (NOV) detailing the mortgagee’s alleged violations.
The mortgagee may provide the MRB with a written response within 30 days of receiving the NOV. The MRB will consider the mortgagee’s response, as well as other relevant material, when deciding which administrative action to take, if any, and whether to seek civil money penalties against the mortgagee.
If the mortgagee fails to respond to the NOV within 30 days, the MRB will make a final determination based upon the information available to it.
For additional information see Handbook 4000.1 V.E.4.b.i at http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/hudclips/handbooks/hsgh