19.4.5.3 Section 50
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. Section 50 and the Section 50 Addendum of the Regulatory Agreement relate to the non-recourse nature of the indebtedness and indicate certain matters for which the parties may be held personally liable; the Firm Commitment will identify the party(ies) to be inserted in the Section 50 Addendum. Any party to Section 50 must execute the Addendum as indicated by the HUD form, separate from the Regulatory Agreement signature page and also with all formalities required for recording a deed to real estate according to the law of the Project jurisdiction.
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Chapter 19 Closing Guide 19.4 Document and Diligence Requirements
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