HUD 9548-G Addendum to Sales Contract

HUD-Owned Real Estate - Sales Contract and Addendums

9548-G

OMB: 2502-0306

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Property Disposition Program
203(k) Rehabilitation Financing
Lead Agreement

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

Public reporting burden for this collection of information is estimated to
average 12 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 information is
required to obtain benefits. HUD 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 required in order to administer the HUD Lead Safe
Housing Rule (24 CFR Part 35). The information is required in order to
determine and document eligibility to participate in the 203(k) sales program. If
this information were not collected, HUD would not be able to administer the

OMB Approval No.2502-0306
(Expires 11/30/2013)

Property Disposition Sales Program properly to avoid waste, mismanagement, and
abuse. The information will be retained by the Department as part of the
transaction record for a property disposition action. Failure to provide this
information could affect your participation in the HUD Homes program.
Warning: Falsifying information on this or any other form of the Department is a
felony. It is punishable by a fine not to exceed $250,000 and/or a prison sentence
of not more than two years. Failure to adhere to the residency and resale
requirements may result in administrative sanctions being taken against the
purchaser.

ADDENDUM TO SALES CONTRACT:
203(k) REHABILITATION FINANCING LEAD AGREEMENT
Property Address:

FHA Case Number:
This agreement is an addendum to and incorporated in the contract for the purchase of the above referenced property by (Purchaser’s
name) _______________________________ executed on ______________, 20___ (date). Prior to closing of the sale transaction, this
agreement must be executed by the Selling Broker, the Purchaser and the Lender listed below and a copy delivered to the Seller’s
designated closing agent.
The purchaser intends to finance this transaction with an FHA 203(k) rehabilitation loan provided by
______________________________________________________________________________________ (Lender) doing business at
____________________________________________________________________________________________ (Lender's address).
By signing below, the Lender and Purchaser agree to incorporate a paint stabilization plan including lead clearance, into the 203(k)
work plan, in accordance with HUD's Lead Safe Housing Rule (24 CFR 35). The plan will be based on a visual assessment, leadbased paint inspection, and/or risk assessment of the subject property. Lender and Purchaser agree that the interior work and clearance
will be completed prior to the Purchaser’s occupancy. Lender and Purchaser also agree that the exterior work and clearance will be
completed prior to occupancy unless significant adverse weather conditions exist (e.g., winter cold weather prevents proper paint
application), in which case occupancy will not be barred, but exterior work must be completed as soon as possible (in accordance with
local practices, which may include temporarily enclosing the work area to permit work in any weather conditions, or waiting for a
thaw to do work).
Upon the completion of the required lead work and clearance, the undersigned Lender agrees to provide the attached Addendum to
Sales Contract: Completion of 203(k) Rehabilitation Financing Lead-Based Paint Stabilization and Clearance to the HUD Home
Ownership Center indicated on the notice.
_______________________________________________________________________________
Signature of Lender

___________________
Date

_______________________________________________________________________________
Signature of Purchaser

___________________
Date

_______________________________________________________________________________
Signature of Selling Broker

___________________
Date

form HUD-9548-G
(12/20/2005)


File Typeapplication/pdf
File Title203(k) Rehabilitation Financing Lead Agreement
AuthorGerard P. Donahoe Jr.
File Modified2010-11-29
File Created2007-08-16

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