HUD-92577 Request for acceptance of changes in approved drawing an

Rehabilitation Mortgage Insurance Underwriting Program Section 203(K)

HUD-92577

Rehabilitation Mortgage Insurance Underwriting Program Section 203(K)

OMB: 2502-0527

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Request for Acceptance of
Changes in Approved
Drawings and Specifications

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

OMB Approval No. 2502-0117 (exp. 03/31/2016)

See Instructions and Conditions on Page 2.
Public reporting burden for this collection of information is estimated to average 30 minutes per response, including the time for reviewing instructi ons,
searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This information is
required to obtain benefits and mandatory. HUD may not collect this information, and you are not required to complete this form unless it displays a currently
valid OMB control number.
Section 203(b)(7) of the National Housing Act authorizes the Secretary of the Department of Housing and Urban Development to use his/her discretion with
respect to the handling of insurance, repairs, and alternations. Builders who request changes to HUD’s accepted drawings and specifications for proposed
constructions properties as required by homebuyers, or determined by the builder use the information collection. The lender reviews the changes and amends
the approved exhibits. These changes may affect the value shown on the HUD commitment. While no assurances of confidentiality are pledged to respondents, HUD generally discloses this data only in response to a Freedom of Information request.

Property Address

Case(s) No.

Mortgagee's Name & Address

Request No.

We request acceptance of the following changes in the approved drawings and
specifications of the above numbered case or cases.
We Request
We Do Not Request
an increase in the value and loan amounts if these changes warrant such an increase.

Description:

Builder's Estimate of
cost on each change

Borrower (If known)

Date

Builder or Sponsor

Date

For Mortgagee

Date

HUD/VA Estimate of effect
on cost of each change

Determination as to Acceptability

Changes Acceptable

Changes Unacceptable

Changes Acceptable, provided (list any conditions)

Endorsement to Notice of Value (for VA use only)
This endorsement takes precedence over and specifically amends the outstanding NOV for the property with the above identifying number.
Any condition stated on the outstandingNOV, not specifically referred to and modified herein, remains in full force and effect
until expiration of the validity period.
Established reasonable value revised to $
Department of Veterans Affairs Authorized Agent
Federal Housing Commissioner
Previous edition may be used untill supply is exhausted

I.D. Number

Date

DE
VA Form 26 - 1844

form HUD - 92577 (04/2005)
ref Handbooks 4145.1, 4115.3, 4000.4, 4240.4

Request for Acceptance of Changes (continued)

Instructions
The mortgagor in this request is defined as the owner or possible
future owner of the property, whose interest in the property is
evidenced by any written contract of sale, deed, receipt of down
payment, letter or other instrument dated prior to the signing of this
request by the builder or sponsor.
If acceptance by the VA is requested, the original and at least two
copies of this form shall be submitted by the mortgagee. If acceptance by HUD is requested, the original and at least one copy of this
form shall be submitted by the mortgagee. Upon determination as to
acceptability of the request, the original will be returned to the
mortgagee for transmittal to the builder or sponsor. If the request
covers more than one case and mortgagors are unknown, submit
one additional copy for each additional case.

Designate each requested change by a letter (using a, b, c, etc.). If
additional space is necessary to properly describe the changes, use
this side of the form or an attachment. Also, attach revised drawings
and/or supporting descriptive data when necessary. State the
amount by which the construction cost will be increased or decreased as the net result of each proposed change.
This request shall be signed by (1) the borrower, if any, (2) the builder
or sponsor, and (3) the mortgagee. If the borrower, as defined above,
is unknown, the builder or sponsor shall insert "Unknown" in the
space for the mortgagor's signature and initial this insertion.
Builder accepts all risk for constructing change(s) prior to receiving
HUD or VA acceptance.

Conditions of Acceptance
Acceptance of changes implies in no way that the mortgage insurance or Notice of Valueof the above case or cases willbe increased
when the net effect of all accepted changes is an increase in the
total construction cost. Acceptance of changes is subject to the
condition that inspection will show that all construction
involved equals
or exceeds the applicable HUD or VA Minimum Property Standards and all Local Codes and ordinances.

In accepting any changes it is assumed that they will be executed. If
an accepted change is not executed, it must be nullified by submitting
another copy of this form amending the construction exhibits so as
to restore the drawings and specifications to the status existing prior
to acceptance of the change or to a modification of such prior existing
status as may be specified.

Previous edition may be used untill supply is exhausted

VA Form 26 - 1844

form HUD - 92577 (04/2005)
ref Handbooks 4145.1, 4115.3, 4000.4, 4240.4


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File Modified2013-03-07
File Created2013-03-07

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