FHA Single Family Housing Policy Handbook 4000.1, Part I — c. Annual Recertification Fee (03/27/2019)
FHA Single Family Housing Policy Handbook 4000.1, Part I — c. Annual Recertification Fee (03/27/2019).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part I — c. Annual Recertification Fee (03/27/2019) — 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 — c. Annual Recertification Fee (03/27/2019)
c. Annual Recertification Fee (03/27/2019) i. Standard The Mortgagee must pay an annual recertification fee after its online certification has been submitted and accepted. All fee payments must be made electronically. This recertification fee is non-refundable and will not be pro-rated. ii. Calculation of Fee Amount The Mortgagee will be assessed a fee for the Mortgagee’s home office and for each branch office registered with FHA. Fees are calculated based on the Mortgagee’s program approval(s), Mortgagee type, and the number of FHA-approved branch offices as of the last business day of the Mortgagee’s Certification Period. A Mortgagee that is terminating a branch office must do so on or before the last business day of the Certification Period in order to avoid paying the recertification fee for that branch office for the next Certification Period. Mortgagees attempting to terminate a branch office after the last day of their Certification Period will not be permitted to do so until the annual recertification fees have been paid in full. iii. Exception for Government Mortgagees Government Mortgagees are not required to pay a recertification fee.