13.30.2.3 Increase in Loan Amount

A. If the Regional Center Director approves an increase in the mortgage loan amount, as reflected in form HUD-92580, the Lender must include the following items in the package of draft closing documents submitted to HUD for final endorsement to evidence the obligation to repay the amount of the increase and to consolidate the initial and supplemental documents:

1. Supplemental Note.

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Chapter 13 Cost Certification 13.30 Final Closing – Insurance of Advances

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2. Supplemental Security Instrument.

3. Modification and Consolidation Agreement.

4. Supplemental Borrower’s Attorney’s Opinion (as to the foregoing three documents).

5. Updated title policy insurance amount.

• B. The requirements for these documents are discussed in Chapter 2, Section 2.10 of the Closing Guide.