Get Ahfc Form #prg-46t Page 1 Of 2 (06/24/14) Notice Of ...

Filling out the AHFC Form #PRG-46T is essential for understanding your responsibilities regarding federal recapture taxes on your mortgage loan. This guide provides step-by-step instructions to help you complete the form accurately and efficiently online.

Follow the steps to complete the form correctly.

1. Press the ‘Get Form’ button to access the form. This will allow you to retrieve the document and open it for editing.
2. Read the notice carefully. The information outlines the conditions under which you may be required to pay recapture taxes on your federally subsidized loan. Ensure you understand what is expected by reviewing the definitions provided, such as 'recapture amount' and 'federally-subsidized amount.'
3. In the field labeled 'federally-subsidized amount,' calculate 6.25 percent of your original loan amount. Enter this figure in the provided space.
4. Look for the section on 'holding period percentage' and refer to the attached chart. Determine the applicable percentage based on the year of your loan and fill in the corresponding value.
5. Find the area where 'income percentage' is required. This percentage depends on your income at the time of any sale or transfer. Ensure you input the correct figure based on your financial situation.
6. Read the acknowledgment statement carefully. This confirms that you have received the necessary information and understand your responsibilities regarding recapture taxes.
7. Provide your signature(s) and date on the lines designated for the applicant. Make sure that the signatures are yours, as this acknowledges that you have read and understood the notice.
8. Once all fields are completed and reviewed for accuracy, save your changes. Depending on your preference, you may download, print, or share the completed form as needed.

Complete your AHFC Form #PRG-46T online today to ensure compliance with federal recapture requirements.