What is the required delivery timeframe for a homeownership counseling notice?

The required delivery timeframe for a homeownership counseling notice is within three business days of application. This regulation is established to ensure that borrowers receive essential information about their housing options as early as possible during the mortgage application process. Providing this notice promptly helps potential homeowners understand the resources available to them, including access to counseling services that can assist them in making informed decisions about their homeownership journey. The three-business-day timeframe is a specific requirement designed to encourage timely communication and to help mitigate potential issues that borrowers may face, ultimately supporting a smoother lending process.