Common use of Recertification Clause in Contracts

Recertification. On each anniver- sary of the approval of a lender or mortgagee, the Secretary will deter- mine whether recertification, i.e., con- tinued approval, is appropriate. The Secretary will review the yearly verification report required by § 202.5(m) and other pertinent docu- ments, ascertain that all application and annual fees have been paid, and re- quest any further information needed to decide upon recertification.

Recertification. On each anniver- sary of the approval of a lender or mortgagee, the Secretary will deter- mine whether recertification, i.e., con- tinued approval, is appropriate. The Secretary will review the yearly verification report required by § 202.5(m202.5(n)(2) and other pertinent docu- ments, ascertain that all application and annual fees have been paid, and re- quest any further information needed to decide upon recertification.