Liability for repayment Clause Samples

Liability for repayment. The mortgagor shall agree in writing that the mortgagor shall be liable to repay to the Secretary any direct financial benefit achieved from the reduction of indebtedness on the existing mortgage or mortgages on the residence refinanced under this section derived from misrepresentations made by the mortgagor in the certifications and doc- umentation required under this paragraph, subject to the discretion of the Secretary.