Document Updates: Form HUD-92900-LT FHA Loan Underwriting and Transmittal Summary (Cx13513) & Form HUD-92561 Borrower’s Contract with Respect to Hotel and Transient Use of Property (Cx17814)

Pursuant to our monthly audit of federal agency forms, we have updated Cx13513 “FHA Loan Underwriting and Transmittal Summary” and Cx17814 “Borrowers Contract Hotel and Transient – Condo”.

Included in the Cx13513 updates are:

• • In the top righthand corner of page 1, the expiration date has been updated from “12/31/2023” to “10/31/26”.
  • In the bottom righthand corner of page 1, the form date has been updated from “(02/2020)” to “(04/2023)”.
  • Above the “Borrower and Property Information” section, the “Privacy Act Notice” has been removed.
  • A new “Privacy Act Notice” section has been added beneath the “Underwriting Information” section.
  • The “Total UFMIP” line in the Mortgage Information table has been removed.
  • Various stylizations have been updated, e.g., boxes vs. blank lines, dollar signs and percentage signs present vs. not present, capitalization vs. lowercase, etc.

Included in the Cx17814 updates are:

• • In the top righthand corner of page 1, the expiration date has been updated from “12/31/2023” to “10/31/26”.
  • The “Warning” section language has been updated.
  • A new “Privacy Act Notice” section has been added beneath the signature lines.

These changes are available for testing on Stage & Stage 2 servers and will take effect on October 25, 2024. If you have any questions or concerns, please contact Client Support at 1.800.497.3584.

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UPDATE:

The updates described above for Borrowers Contract Hotel and Transient – Condo (Cx17814) have also been made to two other copies: Multi-Unit (Cx5014) and Second Home or Investment (Cx48).

The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third-party should consult with an attorney prior to embarking upon any specific course of action.