Form Hud-92026 Report On Application Page 2
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1
2Architectural
V-5
Undeveloped location. Subdivision analysis required.
A-1
Does not meet HUD/FHA yard or grading requirements
V-6
Property in area subject to periodic flooding.
A-2
Does not provide adequate auditory or visual privacy
V-7
Inspection reveals location is unacceptable because ___________
A-3
Footings, foundations or framing are inadequate
_____________________________________________________
A-4
(Proposed) improvements do not meet HUD/FHA requirements
Other
_____________________________________________________
_____________________________________________________
_____________________________________________________
_____________________________________________________
Valuation
The “as is” value of the property is $ ________________________
V-1
Individual water system with insufficient information. Submit: plot plan;
General
signed certificate from builder or subcontractor stating system complies
G-1
Unable to determine acceptability due to contradictory information on
with drawings and specifications; current approval of local Health
_____________________________________________________
Authority.
G-2
A party to the transaction is on a compliance list.
V-2
Individual sewage disposal system with insufficient operating experi-
G-3
(Application) (committed) under another case number.
ence. Submit: plot plan and as-built drawings and specification; certifi-
G-4
Appraisal previously made and case rejected.
cate from builder or subcontractor stating system complies with draw-
G-5
Unsatisfactory market condition.
ings and specifications and subsurface disposal area is adequate for
Mortgagor has insufficient assets to close
absoprtion of all liquids discharged to it.
Other ________________________________________________
V-3
Unable to gain access to dwelling. Request reopening when arrange-
_____________________________________________________
ments made to complete inspection.
_____________________________________________________
V-4
Dwelling not sufficiently complete. May be reopened when construction
_____________________________________________________
completed or, submit plans, and Form HUD-92005 covering incomplete
items.
Instructions to Mortgagee
Instructions to Applicant
Within 30 days of receiving an application, a mortgagee must notify the
This form when properly completed is notice that your application has
applicant of the action taken upon the application. (This is required by
been rejected for the reason(s) stated on the front of this form.
Section 202.5 of Regulation B Equal Credit Opportunity Act.)
Resubmissions are considered as new applications for the purpose of
A copy of the Equal Credit Opportunity Notice must accompany this
complying with Regulation B.
form. This Notice outlines certain rights under the Equal Credit
Opportunity Act.
Whenever any block under Mortgage Credit is checked, a copy of this
Report on Application must be furnished the applicant.
If your application is rejected due to information received on a
consumer credit report, and you are not in agreement with the
If this form indicates an incomplete submission or failure to complete
information submitted, you have the right to go to the credit reporting
certain items checked, it is important that you return the complete
agency shown on the reverse side of this form and discuss the contents
submission with the missing item promptly.
of the report.
If the credit report does not meet the HUD contract requirements, the
If you are in disagreement with the reason for rejection, contact the
report will be accepted. However, processing may be delayed until a
mortgage lender and discuss with them what can be done to have the
backup report which meets HUD requirements is received.
application reconsidered.
The attached Equal Credit Opportunity Notice must be delivered with
a copy of Form 92026 to the applicant, which constitutes notice of
adverse action.
Previous edition may be used until supply is exhausted
Page 2 of 2
form HUD-92026 (11/83)
ref Handbooks 4145.1, 4150.1, 4155.1
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