Escrow Company. Lender must open escrow with an approved escrow officer and escrow company. During sale transactions, the Preliminary Change of Ownership Report must properly identify each Below Market Rate Unit as a transfer subject to governmentally imposed restrictions. Escrow instructions on loan transactions must comply with Program Documents.
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Samples: Affordable Lending Participation Agreement, Affordable Lending Participation Agreement
Escrow Company. Lender Xxxxxx must open escrow with an approved escrow officer and escrow company. During sale transactions, the Preliminary Change of Ownership Report must properly identify each Below Market Rate Unit as a transfer subject to governmentally imposed restrictions. Escrow instructions on loan transactions must comply with Program Documents.
Appears in 1 contract
Escrow Company. Lender must open escrow with an approved escrow officer and escrow company. During sale transactions, the Preliminary Change of Ownership Report must properly identify each Below Market Rate Unit as a transfer subject to governmentally imposed restrictions. Escrow instructions on loan transactions must comply with BMR Program DocumentsGuidelines.
Appears in 1 contract
