FHA Single Family Housing Policy Handbook 4000.1, Part IV
HUD effective date: 01/30/2023 · section IV.A.2 · Handbook 4000.1
FHA Single Family Housing Policy Handbook 4000.1, Part IV — n. Claim Type 33 - National Emergency Standalone Partial Claim (01/30/2023).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part IV — 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 IV — n. Claim Type 33 - National Emergency Standalone Partial Claim (01/30/2023)
n. Claim Type 33 – National Emergency Standalone Partial Claim (01/30/2023) The Mortgagee may file a claim for a National Emergency Partial Claim incentive and insurance benefits for a COVID-19 National Emergency Partial Claim or COVID-19 Recovery Partial Claim under Claim Type 33. The Mortgagee may include in its claim the accumulated arrearages, eligible unreimbursed Mortgagee advances, and related fees and costs. HUD will pay the Mortgagee a financial incentive for the use of a COVID-19 Recovery Partial Claim in compliance with all regulatory requirements and procedures relating to the submission of incentive claims. The Mortgagee may file for an incentive fee only for the Loss Mitigation Option used to cure the Default. When the COVID-19 Recovery Partial Claim and COVID-19 Recovery Modification are used together, the Mortgagee must submit two separate claims for the incentives for these two options. HUD must receive a correct and complete claim submission of Parts A and B via FHAC or FHA Catalyst within 60 Days of the execution date of the promissory Note and Mortgage or the incentive will be disallowed. o. Claim Type 32 – COVID-19 Recovery Modification or COVID-19 Advance Loan Modification (01/30/2023) The Mortgagee may file a claim for a COVID-19 Recovery Modification incentive or a COVID-19 Advance Loan Modification (COVID-19 ALM) incentive, including up to $250 in title-related expenses, under Claim Type 32. HUD will pay the Mortgagee a financial incentive for the use of a COVID-19 Recovery Modification or a COVID-19 ALM in compliance with all regulatory requirements and procedures relating to the submission of incentive claims. The Mortgagee may only file for an incentive fee for the Loss Mitigation Option used to cure the Default. When the COVID-19 Recovery Partial Claim and COVID-19 Recovery Modification are used together, the Mortgagee must submit two separate claims for the incentives for these two options. HUD must receive a correct and complete claim submission of Parts A and B via FHAC or FHA Catalyst within 60 Days of the execution date of the COVID-19 Recovery Modification or the COVID-19 ALM or the incentive claim will not be processed.
Operationalizing FHA Single Family Housing Policy Handbook 4000.1, Part IV
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Source of record: https://claudeforcompliance.com/regs/hud-4000-1-iv-n-claim-type-33-national-emergency-standalone-partial-claim/
· register hud-4000-1-iv-n-claim-type-33-national-emergency-standalone-partial-claim · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.