Common Contracts

RHS, RBS, RUS, FSA, USDA §1951.916

April 21st, 2022

• Filed
  April 21st, 2022

( c) Procedures for recapture at t he end of Shared Appreciation Agreement: (1) T h e bo rr owe r will be n o t ified b y ce r - t ified m a il , r e t urn r eceip t r eq u es t ed, of t h e r ec a p t ur e a m o un t d u e a n d p a y a ble. T h i s n o t ific a t io n le tt e r will a l so i n- cl u de t h e r ec a p t ur e c a lc u l a t io n s a n d a ppe a l r ig h t s. If t h e bo rr owe r c a nn o t ob t a i n s a t i sfa c t o ry fi n a n ci n g t o p a y t h e r ec a p t ur e, t h e a m o un t t o be r ec a p- t ur ed will be ide n t ified o n a n ew p r o m - isso ry n o t e a s a n o n- p r og r a m lo a n a t i n eligible r a t es a n d t e r m s. If t h e bo r - r owe r i s fi n a n ci a ll y c a p a ble of p a y i n g t h e r ec a p t ur e, a s de t e r m i n ed b y t h e F m HA o r i t s s u ccesso r a ge n c y un de r P u blic La w 103–354 Co un t y Co mm i tt ee