Lender Guidelines: 9.3 Penalties for Borrower Misrepresentation

Lender Guidelines: 9.3 Penalties for Borrower Misrepresentation

Strict penalties may be imposed on any Borrower making a material misstatement, misrepresentation or fraudulent act on an application or other document submitted to obtain assistance from TSAHC. Further, any person making a material misstatement or misrepresentation in any affidavit or certification made in connection with the application shall be subject to all applicable fines and penalties.

 

For access to the full TSAHC DPA & MCC Guidelines, please click here.

 

 

related articles