Design Professional’s Certification of Liability Insurance (Architect, Engineer or Designer) Section 232 |
U.S. Department of Housing and Urban Development Office of Residential Care Facilities
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Public reporting burden for this collection of information is estimated to average 0.5 hours. This includes the time for collecting, reviewing, and reporting the data. The information is being collected to obtain the supportive documentation which must be submitted to HUD for approval, and is necessary to ensure that viable projects are developed and maintained. The Department will use this information to determine if properties meet HUD requirements with respect to development, operation and/or asset management, as well as ensuring the continued marketability of the properties. 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.
Warning: Any person who knowingly presents a false, fictitious, or fraudulent statement or claim in a matter within the jurisdiction of the U.S. Department of Housing and Urban Development is subject to criminal penalties, civil liability, and administrative sanctions
To: U.S. Department of Housing and Urban Development (HUD) and
Lender:
Re: Project Name:
Project Number:
Borrower:
__ __, the Design Architect/Engineer/Designer for the above referenced Project, hereby certifies that (i) it maintains Architect and/or Engineers Professional Liability Insurance in an amount not less than $_ _ (Aggregate) and/ $_ _ (per Claim) issued by_ _, Policy Number _ _, per the Certificate of Liability Insurance (ACORD 25) attached as Exhibit A hereto, and (ii) such insurance shall be maintained continuously through the completion of construction of the Project and the 12-month Warranty Inspection period as required by HUD.
This certification is made, presented and delivered in connection with Lender’s application for mortgage insurance pursuant to Section 232 of the National Housing Act and to influence an official action of HUD, and may be relied upon by HUD as a true statement of the facts contained herein.
____________________________,
By: as of , 20
(Name and title of signatory) Date
Exhibit A
Certificate of Liability Insurance
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File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
File Modified | 0000-00-00 |
File Created | 2021-01-14 |