Verification Materials definition
Examples of Verification Materials in a sentence
Homeowner shall have the obligation to deliver to City all Income Verification Materials for the proposed Transferee of the Affordable Unit no later than thirty (30) days prior to the close of escrow.
Homeowner shall include copies of the purchase and sale agreement between Homeowner and the proposed Transferee for the Affordable Unit, the grant deed or other document that is proposed to be used to effectuate the Transfer, copies of the Income Verification Materials and all other material documents related to the proposed Transfer.
The Notice of Intent to Transfer shall identify the proposed Transferee, shall certify that, to the best knowledge of the Homeowner, the Transferee is a Very Low Income Household (if, in fact, the Income Verification Materials support the conclusion that the proposed Transferee is a Very Low Income Household), and shall certify that the sale price is no more than the Affordable Housing Cost.
Upon receipt of the Income Verification Materials, City shall respond to a request for verification thereof by written notice within thirty (30) business days of receipt.
The information, statements, agreements, and other documents that a proposed Transferee is required to provide pursuant to this subsection (b) are collectively the "Income Verification Materials." Homeowner shall have the obligation to collect and compile all Income Verification Materials from the proposed Transferee of the Affordable Unit.
The information, statements, agreements, and other documents that a proposed Transferee is required to provide pursuant to this subsection (c) are collectively the "Income Verification Materials." Homeowner shall have the obligation to collect and compile all Income Verification Materials from the proposed Transferee of the Affordable Unit.
City shall respond to a request from Homeowner for verification of the matters in clauses (i)-(v) above by written notice, which shall be delivered to Homeowner within thirty (30) calendar days of City's receipt of all Income Verification Materials for the proposed Transferee of the Affordable Unit.
The Issuer must provide the Underwriter with full and free access to, and on request, copies of, the Due Diligence Materials, the Verification Materials and all materials and documents used or created in connection with the preparation of the Due Diligence Materials and the Verification Materials and must maintain those materials and documents for at least seven years from the Completion for that purpose.
All expressions of opinion, intention or expectation contained in the Verification Materials are made on reasonable grounds and are honestly held.
The Verification Materials have been prepared or approved by persons having appropriate knowledge and responsibility to enable them properly to substantiate such replies and all such replies have been prepared having made reasonable enquiry and, are given in good faith, and are not misleading and no material fact has been omitted therefrom.