FHA Single Family Housing Policy Handbook 4000.1, Part I — k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015)

hud-4000-1-i-k-principal-activity-change-of-nonsupervised-mortgagee

FHA Single Family Housing Policy Handbook 4000.1, Part I — k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015).

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      paragraph_quote: k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015) If a Nonsupervised Mortgagee’s activities change such that it no longer meets the principal activity requirement, the Mortgagee must submit a Notice of Material Event to FHA and submit a Corrective Action Plan detailing the steps it will take to meet the principal activity requirement to maintain its eligibility.

Verbatim regulatory text (1)

Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part I — k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015) — 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 — k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015)

k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015) If a Nonsupervised Mortgagee’s activities change such that it no longer meets the principal activity requirement, the Mortgagee must submit a Notice of Material Event to FHA and submit a Corrective Action Plan detailing the steps it will take to meet the principal activity requirement to maintain its eligibility.

Source: FHA Single Family Housing Policy Handbook 4000.1, Part I — k. Principal Activity Change of Nonsupervised Mortgagee (09/14/2015) · source URL · snapshot 8c03836f77f317e1