FHA Single Family Housing Policy Handbook 4000.1, Part V — c. Fraud, Misrepresentation, and Other Findings (03/14/2016)
FHA Single Family Housing Policy Handbook 4000.1, Part V — c. Fraud, Misrepresentation, and Other Findings (03/14/2016).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part V — c. Fraud, Misrepresentation, and Other Findings (03/14/2016) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part V — c. Fraud, Misrepresentation, and Other Findings (03/14/2016)
c. Fraud, Misrepresentation, and Other Findings (03/14/2016) i. Standard The nonprofit must take prompt, effective, and corrective measures to investigate and document suspected instances of fraud, misrepresentation, and other related Findings. ii. Internal Reporting to Senior Management The nonprofit’s QC Plan must contain a process for its QC staff to promptly report and document Findings delivered to senior management. Nonprofit staff must report Findings to senior management no more than 15 business days from the date of discovery. iii. External Reporting to FHA The nonprofit’s senior management must contact the FHA Resource Center at [email protected] to submit QC Findings. FHA will review the Findings and determine the appropriate course of action. 3. Real Estate Brokers (09/30/2016) HUD’s Asset Manager (AM) and FHA staff are responsible for quality control and monitoring procedures for HUD-Registered Real Estate Brokers.