HFA Certification Clause Samples
The HFA Certification clause requires a party to confirm compliance with standards or requirements set by the Homeowners Finance Authority (HFA). In practice, this means the party must provide documentation or evidence that their actions, products, or services meet HFA guidelines, such as safety, financial, or operational criteria. This clause ensures that all relevant activities adhere to regulatory expectations, thereby reducing risk and promoting accountability within the agreement.
HFA Certification. Notwithstanding the Form of HFA Certification attached to the Agreement as Exhibit B- 1, HFA shall be permitted to modify such form to delete the following statements prior to submission to Treasury as required by the Agreement: “Eligible Entity does not have HHF Program funds on hand of more than $ . [INSERT AN AMOUNT EQUAL TO 5% OF THE PROGRAM PARTICIPATION CAP] HFA knows of no material deficiencies in the Internal Antifraud and Compliance Monitoring Program.”