27030 Transfer of Note Report

U.S. Department of Housing and Urban Development
Office of Housing
Federal Housing Commissioner

Title I
Transfer of Note Report
To: U.S. Department of Housing and Urban Development

Albany Financial Operations, Premium Branch
52 Corporate Circle
Albany, NY 12203
1. Title I Case Number
(12 digits)

OMB Approval No. 2502-0328
(exp. 08/31/2009)

The selling institution certifies that all notes to be transferred have been previously accepted for insurance by
HUD. The selling institution authorizes HUD to transfer, from its insurance coverage reserve account to the
insurance coverage reserve account of the buying institution, an amount equal to 10 percent of the unpaid
balance of each loan or 10 percent of the net selling price of each loan, whichever is the lesser.
3. Date of Loan
Disbursement
(MM/DD/YYYY)

2. Names of Borrowers
(last name, first name)

4. Unpaid Balance
on Note

5. Transfer or Net
Selling Price

7. Buying Institution's
6. Date of Transfer Loan Number (Optional)
(MM/DD/YYYY)
(11 digits maximum)

Name & Address of the Selling Institution

8. Title I Contract Number
of the Selling Institution

Name & Address of the Buying Institution

9. Title I Contract Number
of the Buying Institution

Signature of Authorized Official

Date Submitted

Signature of Authorized Official

Date Submitted

Telephone Number

Name & Title of Authorized Official

X

X

Name & Title of Authorized Official

Important:

Telephone Number

This report shall be completed by the selling and buying institutions, signed by both institutions, and submitted to HUD within 31 days after the date of transfer. If the insurance charges on the transferred loans have already
been paid, any adjustment of such charges shall be between the selling and buying institutions. The buying institution is responsible for paying any unpaid insurance charges.

ref. Handbook 1060.2
Previous editions are obsolete

form HUD-27030 (5/97)

Public reporting burden for this collection of information is estimated to average 6 minutes 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. . This agency may not collect this information, and you are not required to
complete this form, unless it displays a currently valid OMB control number.
This information is being collected to permit more efficient risk management of the Title I loan portfolio as well as facilitate claims processing for loan defaults. The information provides
a more comprehensive basis for evaluating Title I lender underwriting practices and thereby improving risk management of the loan portfolio and also enhances management’s ability
to determine appropriate policy changes affecting the Title I portfolio as a whole. Responses are required in order to obtain benefits. No assurance of confidentiality is provided.
Sensitive Information: The information collected on this form is considered sensitive and is protected by the Privacy Act. The Privacy Act requires that these records be maintained
with appropriate administrative, technical, and physical safeguards to ensure their security and confidentially. In addition, these records should be protected against any anticipated
threats or hazards to their security or integrity which could result in substantial harm, embarrassment, inconvenience, or unfairness to any individual on whom the information is
maintained.

ref. Handbook 1060.2
Previous editions are obsolete

form HUD-27030 (5/97)