Common use of Evaluation of Applications Clause in Contracts

Evaluation of Applications. If the application is developed and processed in accordance with § 1980.113 of subpart B of part 1980 of this chapter, the provi- sions outlined in § 1980.114 of subpart B of part 1980 of this chapter applies with the following exceptions: (i) Timeframe requirements for the evaluation of applications and ref- erences to the Approved Lender Pro- gram are not applicable. (ii) County Committee reviews of ap- plications processed under this section will not be required. If the loan ap- proval official finds the applicant is not eligible, the applicant will be noti- fied in writing of the reasons for dis- approval and the opportunity given for an appeal as set out in subpart B of part 1900 of this chapter.

Appears in 2 contracts

Sources: Rental Agreement, Rental Agreement