Examples of Guarantee Lender in a sentence
Unsatisfactory performance by an underwriter during HUD’s test case review may constitute grounds for denial of approval to participate as a Direct Guarantee Lender.
This section requires a partnership between HUD, the Tribe, the Direct Guarantee Lender, Servicer and the Borrower.
Thompson said it does help along with other classes and he explained the process and requirements.
Lenders must choose one of two levels of program participation, a Non-Direct Guarantee Lender or a Direct Guarantee Lender and submit an application to participate on a form prescribed by Section 184 Program Guidance.
A Lender may be denied approval to become a Direct Guarantee Lender if HUD determines the Lender does not meet the qualification requirements of this subpart.
HUD will provide written notification of denial and that decision may be appealed in accordance with the procedures set forth in § 1005.909.§ 1005.213 Non-Direct Guarantee Lender application, approval, and Direct Guarantee Lender sponsorship.
In accordance with the Paperwork Reduction Act, an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection displays a valid OMB control number.The proposed rule would amend the existing Lender and Direct Guarantee Lender application process.
Petrobras made its final payment of $22.1 million to the Guarantee Lender on February 16, 2016.
Final approval is signified by written notification from HUD that the Lender is an approved Direct Guarantee Lender under the Section 184 Program without further submission of test case endorsement case binders to HUD.
A non-permanent resident alien.(b) Documentation must be provided to the Direct Guarantee Lender to support lawful residency status as defined in the Immigration and Nationality Act, codified at 8 U.S.C. 1101, et seq.§ 1005.407 Relationship of income to loan payments.