8.4.3 Delinquent Federal Debt, Judgments and Pending Litigation
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. When delinquent federal debt is identified, the Lender must include as part of the required application exhibits:
A detailed written explanation from any applicant or principal with a prior federal default or claim, or whose credit report and financial statements contain conflicting or adverse information.
A letter from the creditor agency stating that the delinquent federal debt is current or satisfactory arrangements for repayments have been made.
The Lender’s reason(s) for recommendation of the applicant, which may be included in the Lender Underwriter’s review and recommendation.
MAP Guide, March 2021 Go to beginning of Chapter 8
Bookmarked Version Go to Acronym and Abbreviation List, Glossary, Index
Chapter 8 Page 8-13
To return to this page after clicking a link, press ALT + Back Arrow
Chapter 8 Mortgage Credit 8.4 Investigating Credit and Character
Go to Table of Contents
B. The Lender shall also investigate any other serious adverse information, including but not limited to bankruptcies, defaults on real estate mortgages, tax liens, foreclosures or deeds-in-lieu of foreclosures, judgments and pending litigation.
Get a plain-English answer with a citation back to this text.
Ask AI about this code