FHA Single Family Housing Policy Handbook 4000.1, Part I
HUD effective date: 05/09/2022 · section I.B.7 · Handbook 4000.1
FHA Single Family Housing Policy Handbook 4000.1, Part I — 7. Title I Property Improvement Dealers (05/09/2022).
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Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part I — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part I — 7. Title I Property Improvement Dealers (05/09/2022)
ii. P260 Access Once the Closing Agent has received a HUD-issued Title ID Number, the Closing Agent must contact the AM to request access to P260. 7. Title I Property Improvement Dealers (05/09/2022) A Dealer, for the purposes of a Title I Property Improvement Loan, refers to a seller, contractor, or supplier of goods or services. If the Dealer assisted the Borrower in preparing the credit application or assisted the Borrower in obtaining the Loan from the Lender, the Lender must comply with the requirements in Direct and Dealer Loan Process for Property Improvement Loan Program. To facilitate the financing of property improvements, the Dealer may enter into a Business Relationship with an FHA Title I approved Lender that will provide financing to the Borrower.
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Source of record: https://claudeforcompliance.com/regs/hud-4000-1-i-7-title-i-property-improvement-dealers/
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