13.30.2.1 Preparing Form HUD-92580, Maximum Insurable Mortgage

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. Prior to final endorsement, the Regional Center Director shall execute form HUD-92580, Maximum Insurable Mortgage, for the purpose of indicating to the Lender and Borrower whether or not a reduction in the original amount of the Loan is necessary, based either upon the cost certification or upon a request by the Lender for a principal increase. The Regional Center Director will receive, review, and accept certificates of actual cost and form HUD-95379, Final HUD Representative’s Trip Report, prior to completing form HUD-92580.

B. If there is any change in the loan amount, form HUD-92580 also will recite the revised amount of the Level Annuity Monthly Payment (LAMP).

C. Upon execution of form HUD-92580, the original shall be forwarded to the Lender and an executed copy shall be forwarded to the Borrower. One copy shall be placed in the Washington Docket with copies of the cost certification exhibits and one copy, unless stored electronically, will be placed in the field office docket

D. Copies of both form HUD-92580 and form HUD-95379 also shall be forwarded to the HUD Closing Attorney for use in preparing for final endorsement.

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▸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)

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