Fha Condominium Recertification Checklist Page 2
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2FHA CONDOMINIUM RECERTIFICATION CHECKLIST
Financial Documents:
Budget (annual — no more than 12 months old)
Balance Sheet (not more than 90 days old)
Income and Expense Statement (current — not more than 90 days old)
Prior Year-End-Income and Expense Statement
Note: Bank statements or a reserve study may be required to support financial status, including sufficient reserves.
Management Agreement (if applicable)
Leasehold Agreement (if applicable)
Affordable Housing Agreement (if applicable)
Special Assessments — pending, current or paid within 12 months of submission date
Yes
No
If Yes, provide required explanation letter.
Litigation (against Association, its officers or directors) — pending, current or settled within 12 months of
submission date
Yes
No
If Yes, provide required explanation letter.
Insurance:
Hazard Insurance (must cover 100% of the replacement cost)
Liability Insurance
Fidelity Insurance (if applicable) Association
Management Company (if applicable)
Flood Insurance or FEMA Flood Map (if applicable)
SECTION E: APPLICATION SUBMITTER INFORMATION
Submitter Name:
Submitter Company Name:
Submitter Type:
Mortgagee
Builder/Developer
Project Consultant
Attorney
Condominium Association
Management Company
Submitter Telephone Number:
Submitter Email Address:
Submitter Fax Number:
Submitter Address (P.O. Box is not acceptable):
Address Line 1
Address Line 2
City:
State:
ZIP Code:
2 2
FHA CONDOMINIUM RECE RTIFICATION CHECKLIS T
Financial Documents:
□
Budget (annual – no more than 12 months old)
□
Balance Sheet (not more than 90 days old)
□
Income and Expense Statement (current – not more than 90 days old)
□
Prior Year-End-Income and Expense Statement
Note: Bank statements or a reserve study may be required to support financial status, including sufficient reserves.
□
Management Agreement (if applicable)
□
Leasehold Agreement (if applicable)
□
Affordable Housing Agreement (if applicable)
□
□
□
Special Assessments – pending, current or paid within 12 months of submission date
Yes
No
If Yes, provide required explanation letter.
□
Litigation (against Association, its officers or directors) – pending, current or settled within 12 months of
□
□
submission date
Yes
No
If Yes, provide required explanation letter.
Insurance:
□
Hazard Insurance (must cover 100% of the replacement cost)
□
Liability Insurance
□
□
Fidelity Insurance (if applicable) Association
Management Company (if applicable)
□
Flood Insurance or FEMA Flood Map (if applicable)
SECTION E: APPLICATION SUBMITTER INFORMATION
Submitter Name:
Submitter Company Name:
□
□
□
□
Submitter Type:
Mortgagee
Builder/Developer
Project Consultant
Attorney
□
□
Condominium Association
Management Company
Submitter Telephone Number:
Submitter Email Address:
Submitter Fax Number:
Submitter Address (P.O. Box is not acceptable):
Address Line 1
Address Line 2
City:
State:
ZIP Code:
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