Code of Maine Rules
99 - INDEPENDENT AGENCIES
346 - MAINE STATE HOUSING AUTHORITY
Chapter 7 - INDIAN HOUSING MORTGAGE INSURANCE PROGRAM RULE
Section 346-7-4 - Application

Universal Citation: 99 ME Code Rules ยง 346-7-4

Current through 2024-13, March 27, 2024

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.

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