A Notice to Homeowner — Assumption of HU— - FHA Insured Mortgages Release of Personal Liability is a document issued by the Department of Housing and Urban Development (HUD) to the homeowner of a property that has an FHA-insured mortgage. This document informs the homeowner that the mortgage is being assumed by another party, and that the homeowner is released from any personal liability for the loan. The notice outlines the terms of the assumption, including the name of the new mortgagee, the loan amount, and the date of the assumption. There are two types of this Notice, one for when a family member is assuming the mortgage, and one for when a non-family member is assuming the mortgage.