HUD-56005 Reporting Noncompliances for FHA Insured Title I Loans

Attachment L to OMB 83-I for 2502-0005

Reporting Noncompliances for OMB Approval No. 2502-0005

FHA Insured Title I Loans (exp. 10/31/2006)

Name of Borrower:________________________________________ Phone No.:_____________

Property Address:________________________________________________________________

Loan Amt: ______________ Loan Date:___________________ Inspection Date: ___________

Lender Loan No.:_____________ Loan Officer: ______________________________________

Correspondent/Originating Lender Name, Location and Lender Approval Number:

_____________________________________________________________________________

_____________________________________________________________________________

_____________________________________________________________________________

INDIRECT LOAN (Dealer Loan):

Name of Dealer:_______________________________________ Phone No.:________________

Dealer Address:_________________________________________________________________

Dealer Tax I.D.#:________________________________________________________________

Noncompliance Activities:_________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

DIRECT LOAN:

Noncompliance Activities:_________________________________________________________

______________________________________________________________________________

INSPECTION RESULTS

_____% of improvements not completed as listed on the application

_____% of loan amount used for purposes other than eligible improvements.

Ineligible improvements include:________________________________________________

______________________________________________________________________________

The incomplete work consists of:___________________________________________________

______________________________________________________________________________

Borrower and/or Dealer reason for incomplete improvements/misuse:

______________________________________________________________________________

______________________________________________________________________________

Unable to complete inspection due to ________________________________________________

______________________________________________________________________________

Public Reporting Burden for this collection of information is estimated to average 1.00 hours per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. The information requested on this form is required by 24 CFR Part 202. The information collected assists FHA in determining which lenders should be approved to participate in the FHA single and multifamily insurance programs. It is used to help FHA minimize its risk in insuring single family and multifamily mortgages to minimize its risk. Applicants are not required to respond to this collection of information unless a currently valid approved OMB control number is displayed.

_________________________________________________________________________________________________

Form HUD 56005

Ref: Title 1 Letter TI-447