HUD-92051 Compliance Inspection Report

Home Equity Conversion Mortgage (HECM) Insurance Application for Reverse Mortgages and Related Documents

92051

Home Equity Conversion Mortgage (HECM) Insurance Application for Reverse Mortgages and Related Documents

OMB: 2502-0524

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Compliance Inspection Report
Note: Reports of Final and Repair Compliance Inspections
left at site always require reviewer's signature to be Official.
Consult mortgagee for official reports.

OMB No. 2502-0189
(exp. 12/31/2007)

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

Builder's Name and Address

FHA Case Number

Report not left at site.

b.

Report not official without
reviewer's signature.

Date of Inspection (mm/dd/yyyy)

Property Address

Mortgagee's Name and Address

I. Inspection of On-Site Improvements Reveals
1. Construction
was,
was not begun prior to the date of mortgage
insurance approval shown on the commitment, statement of appraised
value or "Early Start" letter. (Applies to the initial report on new construction)
2.
Builder other than named in application
3.
Unable to make inspection.(Explain below)
4.
Accepted construction exhibits not available at site
5.
Individual Sewage disposal system;
Individual Water supply system
No noncompliance.
Correction essential as explained below.
Submit Health Department letter
6.
Correction req'd. by rprt. dated _____________ not acceptably completed
7.
Repairs required by form HUD-92800.5B not acceptably completed
8.
Correction essential as explained below
a. Will examine at next inspection
b. Do not conceal until reinspected
9.
No noncompliance observed
II. Explanation of statements checked in Parts I and III
Initial Inspection
Framing Inspection

a.

10.

Acceptable variations as described below (Request for Change, form
HUD-92577, may be submitted).

11.

Extensive noncompliance as explained below (see IV.A below)

12.

On-site improvements acceptably completed subject to receipt of
certification that mortgagee's inspection reveals satisfactory completion of all items listed below.

13.

On-site improvements acceptably completed except items listed below, completion of which is delayed by conditions beyond control of the
builder (see IV.B below).

14.

On-site improvements acceptably completed

15.

Off-site improvements
a. Correction/Completion essential as explained below
b. Completion assured by escrow agreement or governing authority
c. Acceptably completed
Inspection Number

Final Inspection

No.

Other (explain)

Repair Inspection

No.

Certification: I certify that I have carefully inspected this property on this date. I have no personal interest, present or prospective, in the property, applicant,
or proceeds of the mortgage. To the best of my knowledge I have reported all noncompliance, work requiring correction, and unacceptable work.
Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18 U.S.C. 1001, 1010, 1012; 31 U.S.C. 3729, 3802)
Signature

Date (mm/dd/yyyy)

ID Number

Fee Inspector
DE Staff Inspector

Appraiser
HUD Inspector

III. Specific Conditions Required by the HUD-92800.5B, Not Requiring Field Inspection
16.
Submit items or resubmit incomplete
17.
Acceptable Compliance with all specific
18.
Submit Termite Soil
None
items as noted above.
conditions not requiring field inspection.
Treatment Guarantee.
Approved
Signature
Date (mm/dd/yyyy)
ID Number
Direct Endorsement Underwriter
as modified
Chief Architect
Deputy
by me
IV. To Mortgagee: When signed below, refer to the statement on the back corresponding to the designation checked.
A. Noncompliance
B. Compliance -- Incomplete Items. "Mortgagee's Assurance
C. Final Acceptance. Closing papers
of Completion", HUD-92300, may be submitted.
may be submitted provided
(a) Variations from exhibits.
mortgage credit analysis is
for
completion
(b) Unacceptable construction.
acceptable
$ __________________ not later than:(mm/dd/yyyy)
(c) Premature construction.
___________________
Signature

Date (mm/dd/yyyy)

Direct Endorsement Underwriter
Director of Housing Development

ID Number

Deputy

Date (mm/dd/yyyy)
For HUD Use Only for concurrence of Direct Endorsement Processing of Signature of HUD Authorized Agent
this Compliance Inspection Report. If signed, this final report is considered
processed by HUD and, thereby, convertible to the Veterans Administration.
Previous editions are obsolete.
form HUD-92051 (7/87)
Retain this record for 30 years or the life of the file
Submit an Original and four copies
ref. Handbooks 4000, 4115.3, 4145, 4165, 4190, & 4240.4

Public reporting burden for this collection of information is estimated to average 15 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 conduct or sponsor, and a person is not required to respond to, a collection information unless that collecton displays a valid OMB control number.

See the statement below that corresponds to the designation checked on the front of the form under section "IV. To Mortgagee".
A. Noncompliance. Construction is not acceptable or all specific
conditions have not been fulfilled in accordance with the terms of the
related commitment because of :
(a) Variations from Exhibits. Inspection reveals extensive non
compliance, involving variations from accepted construction
exhibits. The property will be considered ineligible for mortgage insurance (1) unless the work has been corrected so as
to effect compliance, or (2) unless reprocessing is requested
on the basis of the mortgage security as it is now being
constructed, and this is found to be acceptable. Requests for
reprocessing must be accompanied by a letter, in duplicate,
fully describing the work as now being constructed, signed by
the mortgagor and approved by the mortgagee. Where the
plan arrangement, or either the exterior or interior appearance is affected, the mortgagor's letter must be accompanied
by drawings, in duplicate, fully indicating the variations and
signed by both the mortgagor and the mortgagee.
(b) Unacceptable Construction. Construction reveals extensive noncompliance with applicable FHA requirements or
good construction practice. The property will be considered
ineligible for mortgage insurance until construction has been
corrected so as to effect compliance.
(c) Premature Construction. Inspection reveals that construction was begun prior to the date of approval for mortgage
insurance (in noncompliance with the commitment or statement of appraised value).

Previous editions are obsolete.
Retain this record for 30 years or the life of the file

B. Compliance. (with incomplete items)
Construction of on-site improvements has been acceptably completed except for any items listed on the front of this form. Completion
of those items is delayed by conditions beyond the parties' control.
The property will considered acceptable for mortgage insurance and
closing papers may be submitted provided:
(a) All required off-site improvements have been acceptably
completed and so reported, or their completion has been
assured by an acceptable "Mortgagee's Assurance of
Completion" form, and;
(b) All specific conditions not requiring field inspection as indicated on the front of this form have been acceptably fulfilled
or evidence of compliance is submitted with the closing
papers, and;
(c) The closing papers are accompanied by form HUD-92300,
"Mortgagee's Assurance of Completion," properly executed
and providing for withholding the sum indicated, or by indicating the sum is available on a commercial letter of credit, and
for completion of construction not later than the date stated
on the front of this form.
C. Final Acceptance
Construction has been completed and all specific conditions have
been acceptably fulfilled. Closing papers may be submitted provided
the mortgagee's credit analysis of the borrower is acceptably completed. Evidence of compliance with specific conditions not requiring
field inspection as indicated on the front of this form may be
submitted with the closing papers.

Submit an Original and four copies

form HUD-92051 (7/87)
ref. Handbooks 4000, 4115.3, 4145, 4165, 4190, & 4240.4


File Typeapplication/pdf
File Title92051
Subject92051
AuthorELK
File Modified2004-12-15
File Created2001-11-26

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