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HUD Notice H 2012-2
Friday, February 10, 2012
It is the HUD's policy that all confirmed delinquent Excess Income Receivables (EIR) and missing reports will be aggressively pursued, and all available enforcement remedies will be taken against those owners/management agents who fail to comply with the Department’s requirements. This Notice describes the processes that must be followed to collect these receivables and ensure that all required monthly reports are filed and any required payment is made. Except where specifically referenced, this Notice supplements guidelines in HUD Handbook 4350.1, Multifamily Asset Management and Project Servicing, Section 7-28. Click here for the full HUD Notice 2012-2.
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