Common Contracts
1 similar Regulatory Agreement for Multifamily Housing Projects Coinsured by Hud contracts
REGULATORY AGREEMENT FOR MULTIFAMILY HOUSING PROJECTS COINSURED BY HUDRegulatory Agreement for Multifamily Housing Projects Coinsured by Hud • September 27th, 2007
In return for the Secretary's endorsement for mortgage insurance of the Note identified above and to comply with the requirements of the National Housing Act and the regulations and administrative requirements adopted by the Secretary pursuant thereto, the Owner agrees to abide by the provisions of this Agreement. This Agreement will continue so long as the contract of coinsurance remains in force. The Owner agrees that this Agreement shall be binding on its successors, heirs and assigns. Breach of this Agreement may be a basis for denial of additional participation in the Secretary's programs. The Owner's willingness and ability to prevent or cure violations of this Agreement may have a bearing on the Secretary's review of any Owner request for additional participation in the Secretary's programs.
