Form 7.4: Claim Payment Checklist
Form 7.4a: HUD-Held or Non-Claim/Non-HUD-Held Restructuring Summary Checklist
Automated Form (Details Below)
- OAHP has developed a new automated Form 7.4 and Form 7.4a, required for all PPCs submitted on or after May 15, 2006. This new tool imports data from the underwriting model, allows the user to input additional information not contained in the model, and contains separate tabs to print either the Form 7.4 (for Claim Payments) or Form 7.4a (for HUD-Held or Non-Claim/Non-HUD-Held Restructurings.) Four indicators of special conditions have been added to the Forms. Numbers 1 through 3 below are pulled from the model. Number 4 is a user input field. 1) "Contingent Repayment Note (CRN) sized at less than $25,000" indicator (restructuring cannot be closed); 2) "Below Market Interest Rate (BMIR) Loan" indicator; 3) "Original HAP contract was a Moderate Rehab" indicator; and 4) A blank field where you can enter the two clearance dates for any 236 Interest Reduction Payments (IRP) Re-use. These automated versions of the forms work just like the Automated Restructuring Commitment. The attached zip file contains instructions in Word format and the Excel spreadsheet for the automated forms. Additionally, a new model is being broadcast simultaneously (standard revision 4.4 and IRP Bifurcation revision 4.5) which includes separate tabs for Forms 7.4 and 7.4a. If you use this new model, Forms 7.4 and 7.4a will have been automatically populated.
Form 7.10: No form assigned
Form 7.19: M2M Official Term Sheet (Form 7.19 is now built into the new model revisions, so linking to the stand alone Form 7.19 is not necessary. The models can be accessed from the PAE Training and Guidance web page.)
Form 7.21: Transmittal and Certification of Interim/Final Settlement Statement and Closing Escrow Instructions
PDF / MS Word / Instructions