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Exhibit 7-4: Sample Annual Recertification Third Reminder Notice/Notice of Termination

8-22 Tenant Repayment Options

HUD Handbook 4350.3 REV-1 — Occupancy Requirements of Subsidized Multifamily Housing Programs · 2026 edition · updated 2026-10-05 · United States

  • A. Tenants can repay amounts due:

    1. In a lump sum payment; or

    2. By entering into a repayment agreement with the owner; or

    3. A combination of 1 and 2, above.

For example, a tenant may owe $1,000, make a lump sum payment of $300 and enter into a repayment agreement for the remaining $700.

  • B. Tenants who do not agree to repay amounts due in accordance with a above, will be in noncompliance with their lease agreement and may be subject to termination of tenancy.

  • C. Tenants may also be required to repay funds to the owner due to a:

    1. Civil action taken by the owner, or

    2. Court action as a result of an Office of Inspector General (OIG) audit.

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▸Contents — HUD Handbook 4350.3 REV-1 — Occupancy Requirements of Subsidized Multifamily Housing Programs
HUD Handbook 4350.3 REV-1 — Occupancy Requirements of Subsidized Multifamily Housing Programs

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