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Get 4470.1 REV-2 CHG 1 CHAPTER 3. FINANCIAL STATEMENTS - HUD - Hud

The mortgagor (refer to paragraph 2-1.B.2.g.(3)) and general contractor must furnish current financial statements with supporting schedules as part of the application for commitment processing. Exceptions to this requirement are: A.Officers of a profit-motivated corporation do not submit financial statements unless they are: 1.A stockholder with a 10 percent or more interest in the mortgagor or 2.Providing funds to meet HUD's estimated cash requirement. B.Officers of a nonprofit corporation do n.

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