§ 241.505. Processing of applications and required fees.
173 words·~1 min read·
/us/cfr/t24/s§ 241.505·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Preapplication conference. The local HUD Office will determine whether participation in a preapplication conference is required as a condition to submission of an initial application for a firm commitment for insurance of an energy savings improvement loan on a project. An application for a firm commitment for insurance must be submitted by both the project sponsor and an approved lender. Applications shall be submitted to the local HUD Office on HUD-approved forms. No application will be considered unless accompanied by all exhibits required by the form and program handbooks.
(b)Application for firm commitment. An application for a firm commitment shall be accompanied by the payment of an application fee of \$5 per thousand dollars of the requested loan amount to be insured.
(c)Cross-reference. The provisions of paragraphs
(e)(Inspection fee), (f)(1) (Fee on increases),
(g)(Reopening of expired commitments),
(i)(Refund of fees), and
(j)(Fees not required) of § 200.40 of this chapter apply to applications submitted under subpart E of this part. \[61 FR 14416, Apr. 1, 1996\]