§ 1005.803. Claim case binder; HUD authority to review records.
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/us/cfr/t24/s§ 1005.803·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A Servicer must maintain a claim case binder for each claim submitted for payment in accordance with § 1005.219(d)(2). The claim case binder must contain documentation supporting all information submitted in the claim.
(b)HUD may review a claim case binder and the associated endorsement case binder at any time. A Servicer's denial of HUD access to any files may be grounds for sanctions in accordance with §§ 1005.905 and 1005.907.
(c)Within three business days of a request by HUD, the Servicer must make available for review, or forward to HUD, copies of identified claim case binders.