19.1.1.2 Defined Terms
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. Capitalized terms used in this Chapter have the meanings provided in the Project Loan documents, including the Note (Multistate) (form HUD-94001M), Multifamily [Leasehold] (Mortgage, Deed of Trust, Deed to Secure Debt, or Other Designation as Appropriate in jurisdiction) Assignment of Leases and Rents and Security Instrument (form HUD-94000M) (the Security Instrument), and Regulatory Agreement for Multifamily Projects (form HUD-92466M) (the Regulatory Agreement), unless specifically defined in this Chapter.
B. As used in this Chapter, the term “Program Obligations” has the meaning set forth in the Regulatory Agreement.
C. For purposes of this Chapter, RC Director includes the RC Director’s designees, as appropriate and pursuant to the Office of Housing’s delegations of authority. The RC Director is the organizational position with delegated authority to make administrative policy determinations with respect to insuring an FHA loan for Multifamily projects, in accordance with Program Obligations.
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Chapter 19 Closing Guide 19.1 General Loan Closing Procedures
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