Common use of Fraud or Misrepresentation Clause in Contracts

Fraud or Misrepresentation. A defi- ciency that involves an action by the Lender to misrepresent either the fi- nancial capacity of the borrower or the condition of the property being fi- nanced may, in addition to any ▇▇▇▇▇- nal and civil penalties, result in a with- drawal of RHS approval, or debarment. Examples of this type of deficiency in- clude falsified Verifications of Employ- ment, false certifications, reporting a delinquent loan as being current, and omitting conditions relating to the health and safety of a property.

Appears in 2 contracts

Sources: Rental Agreement, Rental Agreement