§ 1005.445. Case numbers.
133 words·~1 min read·
/us/cfr/t24/s§ 1005.445·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Section 184 case numbers may only be obtained by a Direct Guarantee Lender.
(b)To obtain a case number, the Direct Guarantee Lender must:
(1)Have an active loan application from a Borrower(s) with an identified property;
(2)Provide evidence of borrower eligibility, as prescribed in § 1005.401(a);
(3)Verify that the property is located in a Section 184 Approved Program Area;
(4)Confirm that the Loan does not exceed the Section 184 Loan limit; and
(5)Submit Loan specific information as prescribed in Section 184 Program Guidance.
(c)Case numbers are automatically cancelled after a period as identified in Section 184 Program Guidance, unless a Firm Commitment is issued, or an extension is granted by HUD in accordance with Section 184 Program Guidance prior to the expiration of the case number.