Examples of HFSH Act in a sentence
With respect to each SFR Loan (if any), the Company must, on a timely basis in accordance with the HFSH Act, prepare and transmit to each Borrower any notice required by the HFSH Act.
The Company shall, on a timely basis in accordance with the HFSH Act, prepare and transmit to each Borrower any notice required by the HFSH Act.
This Mortgagee Letter directed FHA-approved mortgagees to maintain copies of all advertisements and promotional materials for a period of 2 years from the date that the materials are circulated or used for advertisement purposes.The November 30, 2009, rule also proposed to codify the requirement in section 203 of the HFSH Act that requires mortgagees to notify FHA if individual employees of the lender are subject to any sanction or other administrative action.
The exercise of minority right of veto is guaranteed by Article 57.
The November 30, 2009, rule also proposed to codify the statutory requirement presented in section 203 of the HFSH Act that directs FHA-approved mortgagees to use their HUD-registered business names in all advertisements and promotional materials related to FHA programs.
A key theme of many of the changes made by the FHA Modernization Act centered on streamlining and modernizing existing FHA programs.The Helping Families Save TheirHomes Act (HFSH Act), Division A of Public Law 111–22, strengthened HUD’s enforcement authority to ensure the integrity and safety of FHA’s mortgage insurance programs.
In addition to the two significant proposed changes presented in SectionsII.A. and II.B. of this preamble, HUDproposes to codify the statutory requirement presented in section 203 of the HFSH Act, which directs FHA- approved mortgagees to use their HUD- registered business names in all advertisements and promotional materials related to FHA programs.HUD-registered business names include any alias or ‘‘doing business as’’ (DBA) on file with FHA.
The HFSH Act authorizes HUD to impose civil money penalties against loan originators who are not FHA-approved and yet participate in FHA loan originations.The HFSH Act strengthens HUD’senforcement authority by authorizing the imposition of civil money penalties not only for violation of statutory requirements, but for violation of any FHA implementing regulation, handbook, or mortgagee letter issued under title II of the National Housing Act.
Except as modified by this proposed rule, all other components of the lender approval process would remain the same, including those provisions regarding the monitoring and enforcement of FHA requirements, the imposition of sanctions (enhanced by the HFSH Act), and the opportunity to appeal adverse determinations.
For example, paragraph (f) concerning business changes, and paragraph (j), which pertains to ineligibility, are expanded to include the statutory requirements of the HFSH Act.