Common use of Disclosure with Respect to Recapture Clause in Contracts

Disclosure with Respect to Recapture. In connection with all Mortgage Loans funded using tax exempt bonds, the Borrower has been provided with disclosure regarding potential recapture of federal subsidy as required by Section 143(m)(7) of the Code, and the Borrower has executed all applicable forms and certifications as set forth in the Program Manual, which affirmatively acknowledges Borrower’s receipt of information and a written statement concerning the potential recapture of federal subsidy in connection with the Mortgage Loan.

Appears in 6 contracts

Samples: Mortgage Origination Agreement, Mortgage Origination Agreement, Mortgage Origination Agreement

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