HUD-5985 Lender’s Certification Electronic Submission of Closing

COVID19 HUD Contingency Plan for HUD Multifamily Rental Project Closing Documents

2502-0618 - Form HUD-5985 - Lender’s Certification Electronic Submission of Closing Documents

COVID19 HUD Contingency Plan for HUD Multifamily Rental Project Closing Documents

OMB: 2502-0618

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OMB Approval No.: 2502-0618

Expiration Date: 12/31/2020



Lender’s Certification Electronic Submission of Closing Documents

U.S. Department of Housing

and Urban Development


Federal Housing Commissioner



To: Secretary of Housing and Urban Development (“HUD”)

Project Name: [Project Name]



FHA Project Number: [Project No.]



The above referenced project (the “Project”) is being financed with the proceeds of a mortgage loan (the "Loan") from the undersigned lender (the “Lender”) to ____________________, which Loan will be insured by HUD under Section _____, [pursuant to Section ______] of the National Housing Act, as amended, in accordance with that certain “Firm Commitment” issued by HUD on ______________, as amended. This Lender’s Certification Regarding: Electronic Submission of Closing Documents is given in order to induce HUD to provide mortgage insurance with respect to the Loan.


The undersigned hereby certifies as follows:


Pursuant to Section IV(2)(b)(4) of the HUD Memorandum dated March 16, 2020, related to Contingency Plans for Closing Multifamily Loans and Similar Commercial Loans during the COVID-19 Pandemic, the Lender hereby certifies that (i) it will provide (or cause to be provided) to HUD a hardcopy set of the electronic documents delivered at closing (including original documents to the extent normally required by HUD) once HUD and Lender’s counsel have resumed normal operations, and (ii) such hardcopy set will include an additional certification from Lender that confirms that the hardcopy documents delivered to HUD conform to the electronic versions delivered to and accepted by HUD at closing of the Loan.


Executed as of ___________________, 2020.



LENDER:


[LENDER NAME],

a ________________________



By:

Name:

Title:



35782062



Form HUD-5985


File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
AuthorHerring, Vivian M
File Modified0000-00-00
File Created2021-01-13

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