Previous Participation Certification (Form Hud-2530) Page 4

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Indicate the current status of the loan. Except for

form HUD-2530, including schedule A, read the

should fill in the date of the signature and a telephone

convictions within the past 10 years. If you are convicted of

current loan, the date associated with the status is required.

Certification carefully. In the box below the statement of the

number. By providing a telephone number, HUD can reach

a felony within the past 10 years, strike out 2e. and attach

Loans under a workout arrangement are considered

certification, fill in the names of all principals and affiliates

you in the event of any questions.

statement of explanation. A felony conviction will not

assigned. For all noncurrent loans, an explanation of the

as listed in block 7. Each principal should sign the

necessarily cause your participation to be disapproved unless

status is required.

certification with the exception in some cases of individuals

If you cannot certify and sign the certification as it is printed

there is a criminal record or other evidence that your

Explain any project defaults during your

associated with a corporation (see “Exception for

because some statements do not correctly describe your

previous conduct or method of doing business has been such

participation.

Corporations” in the section of the instructions titled “Who

record, use a pen to strike through those parts that differ with

that your participation in the project would make it an

Provide the latest Management Review (MOR)

Must Sign and File Form HUD-2530). Principal who is

your record, and then sign and certify.

unacceptable risk from the underwriting stand point of an

rating and Physical Inspection score.

signing on behalf of the entity should attach signature

Attach a signed statement of explanation of the items you

insurer, lender or governmental agency.

After you have completed all other parts of

authority document. Each principal who signs the form

have struck out on the certification. Item 2e. relates to felony

The Department of Housing and Urban Development (HUD) is authorized to collect this information by law (42 U.S.C. 3535(d) and 24 C.F.R. 200.217) and by regulation at 24 CFR 200.210. This

information is needed so that principals applying to participate in multifamily programs can become HUD-approved participants. The information you provide will enable HUD to evaluate

your record with respect to established standards of performance, responsibility and eligibility. Without prior approval, a principal may not participate in a proposed or existing multifamily

project. HUD uses this information to evaluate whether or not principals pose an unsatisfactory underwriting risk. The information is used to evaluate the potential principals and approve

only individuals and organizations that will honor their legal, financial and contractual obligations.

The Housing and Community Development Act of 1987, 42 U.S.C. 3543 requires persons applying for a Federally-insured or guaranteed loan to furnish his/her Social Security

Number (SSN). HUD must have your SSN for identification of your records. HUD may use your SSN for automated processing of your records and to make requests for information about you and

your previous records with other public agencies and private sector sources. HUD may disclose certain information to Federal, State and local agencies when relevant to civil, criminal, or regulatory

investigations and prosecutions. It will not be otherwise disclosed or released outside of HUD, except as required and permitted by law. You must provide all of the information requested in this

application, including your SSN.

for this collection of information is estimated to average 1 hour per response, including the time for reviewing instructions, searching existing data sources, gathering

and maintaining the data needed, and completing and reviewing the collection of information. This agency may not collect this information, and you are not required to complete this form,

unless it displays a currently valid OMB control number.

A response is mandatory. Failure to provide any of the information will result in your disapproval of participation in this HUD program.

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