99-346 C.M.R. ch. 7, § 4 - Application
A. The Applicant shall complete an
application for the Program that shall be obtained from the applicable
IHA.
B. The IHA will confirm
whether the Applicant is a tribal member.
C. Upon the determination required in Section
4(B), the IHA shall forward the application to the Lender. The Lender shall
arrange for the appraisal of the Property and verify the application's
accuracy. The Applicant shall bear all costs for the appraisal and
verification.
D. The completed
Application and all supporting documentation shall be submitted to the
Authority upon the Lender's determination of eligibility. The Authority shall
determine whether the application and supporting documentation are prepared in
accordance with this Rule. If the application and supporting documentation is
in accord with this Rule, the application will be submitted to the Committee
for its approval. The Authority shall issue a Loan Insurance Commitment to the
Lender and Applicant upon the Committee's approval of the
application.
Notes
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