Skip to content
ChatProjectCodes

12.8.9 Insurance Upon Completion

HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021) · 2026 edition · updated 2026-10-05 · United States

A. Construction Contract Changes, form HUD-92437, are to be processed in the same way as Insurance of Advance cases, except as modified below:

  1. An escrow is not required for additive change orders. The Borrower:

    • Must be able to provide the additional funds required, and,

    • Must not have any outstanding obligation in connection with construction other than the insured mortgage at the time the mortgage is presented to HUD for insurance upon completion.

  2. Surety approval is not required for the approval of additive change orders regardless of the percentage of contract increase.

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021)
HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021)

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.