Attachment 2 - Hub/pc Staff Prepayment Checklist Form Page 3
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5Attachment 2
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Is there an outstanding Flexible Subsidy loan? _______
=> If so, loan is due and payable. _______ (unpaid amount)
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Verify that all tenant notification procedures have been followed. ______
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Verify the prepayment language in the mortgage note with the Office of General Counsel.
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Contact the Ft. Worth Accounting Center to determine the correct payoff amounts for the
direct loan and the flexible subsidy loan, if applicable.
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Notify the Nonprofit Owner of the payoff date and amount for the Section 202 direct loan and
the Flexible Subsidy loan, if applicable.
IV.
PREPAYMENTS WHICH REQUIRE HUD’S APPROVAL.
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Note and riders compared to file records.
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If rent supplement contract submitted:
=> Appropriate action taken to cancel the contract. ________
=> Obtain enhanced vouchers for the households. ________
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Check HAP language about control of residual receipts. _______
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Check HAP language about control of Reserve for Replacement funds. _______
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Is there an outstanding Flexible Subsidy loan? _______
=> If so, loan is due and payable. ______ (unpaid amount)
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