19.4.1.2 Completion of HUD’s OMB-approved Forms

A. HUD’s OMB-approved form documents include blank spaces for insertion and bracketed alternatives to accommodate project specific information. Lender’s Counsel is responsible for completing HUD’s OMBapproved forms through insertions in blanks, the selection of bracketed language, formatting documents for signature and recordation (including separating and marking counterpart signature pages), and insertion of signature and notary blocks. Inapplicable provisions (e.g., inapplicable construction provisions in refinance transactions) should be shown as strikethroughs. These strikethroughs alert HUD and the Lender to modifications during the loan servicing period and mitigate shifting document numbers and paragraphs. For HUD closing documents that provide bracketed alternatives, the preparer may remove or strikethrough the alternatives that do not apply. For example, sections of Note (form HUD94001M) provide bracketed alternatives for interest rate definitions, payment provisions, prepayment provisions, and endorsement panels. The form completion changes outlined in this Section 19.4.1.2 are not considered substantive changes under Section 19.4.1.6, and do not require explicit HUD approval.

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Chapter 19 Closing Guide 19.4 Document and Diligence Requirements

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