Healthy young man and a woman hiking and enjoying the view from the top of King Creek Ridge, Kananaskis Country, Alberta, Canada on a bright sunny day. Back packing in the Canadian Rockies.

FHA’s Releases 12-Hour Cyber Incident Notification Rule

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On May 23, the U.S. Department of Housing and Urban Development (HUD) announced that Federal Housing Administration-approved Mortgagees are subject to a heightened cybersecurity incident reporting regime. The new requirement, which amends the Single Family Housing Policy Handbook 4000.1, requires FHA-approved Mortgagees to report “suspected” “Significant Cybersecurity Incidents” within 12 hours of detection….
By: Sheppard Mullin Richter & Hampton LLP
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