The Federal Housing Administration (FHA) this week published a final Mortgagee Letter (ML), 2024-23, that requires lenders to report a cybersecurity breach within 36 hours of being detected. While the FHA posted a draft version of the ML online in September to seek feedback, the agency stated that the draft is being issued as final without any changes.

The 36-hour timeline, while tight, is still an extension from prior guidance released in ML 2024-10 published in May. That proposal required lenders and other FHA program participants to report a breach details ⇒

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