HB-2-3560 Attachment Form PDF Details

In the dynamic landscape of USDA Rural Development financing, the HB-2-3560 Attachment 4-C, also known as the Borrower Self-Certification Letter, emerges as a critical document, underpinning the robust framework designed to ensure compliance with specified performance standards. This form serves as a declaration by borrowers that they have adhered to nine meticulously laid out performance standards that span across a broad spectrum of operational and financial management criteria. Borrowers must affirm their diligent maintenance of various accounts, the accuracy of payments from operating accounts, and the stringent management of reserve accounts, among other requirements. Additionally, this certification encompasses the full funding and separate maintenance of tenant security deposit accounts, adherence to proper insurance mandates, and the maintenance of financial records in a manner suitable for examination. Notably, the form also addresses the payment of owner returns and asset management fees, while embedding provisions for non-profit status and changes in ownership, all of which must comply with the USDA’s guidelines. Through this comprehensive self-certification process, outlined on two succinct pages, borrowers confirm their compliance, underscoring their commitment to maintaining the integrity and financial health of their projects within the rural development framework.

QuestionAnswer
Form Name HB-2-3560 Attachment Form
Form Length 2 pages
Fillable? No
Fillable fields 0
Avg. time to fill out 30 sec
Other names 3560 hb 2, hb 3560 attachment, 2 3560 hb, hb 3560 form

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HB-2-3560

Attachment 4-C

Page 1 of 2

ATTACHMENT 4-C

PERFORMANCE STANDARDS

BORROWER SELF-CERTIFICATION LETTER

Date

USDA Rural Development Office

Address

Address

In accordance with the criteria specified in Section 5; Paragraph 4.32 C. of the USDA Rural Development

Handbook (HB-2-3560) for the year ended the borrower must self-certify that

is in compliance with the nine performance standards.

The following is a summary of our compliance with the performance standards.

1.

The required accounts

 

are

 

 

(are not) properly maintained and tracked separately. The

 

 

 

 

 

 

accounts we maintain are marked below:

 

 

__ Operating Account(s)

__ Security Deposit Account

 

__ Tax & Insurance Account

__ Reserve Account

 

__ Other Accounts: ___________________________________________

2.

The payments from operating account(s)

are (are not) disclosed and accurately

 

represented.

 

 

 

 

 

 

3.The reserve account(s):

a. is on (not on) schedule with the Agency required minimum funding requirements;

b. is (is not) maintained in a supervised bank account that requires the Agency’s countersignature on all withdrawals;

c. is on (not on) schedule with contributions to the reserve account for the current year with the Agency required minimum funding; and

d.has no (has) encumbrances on the reserve funds.

4. The tenant security deposits accounts

 

are

 

(are not) fully funded and

maintained in separate accounts.

 

 

 

 

 

 

 

 

5. The payment of owner return was:

__ paid in the amount of $____________ for 20XX fiscal year and

in accordancewith the Agency’s requirements OR __ not paid during the reporting year OR __not allowable due to our nonprofit status OR

are

was

(are not)

(was not)

(02-24-05) SPECIAL PN Added (10-05-07) PN 413

HB-2-3560

Attachment 4-C

Page 2 of 2

__not allowable due to our nonprofit status. amount of $____________ was paid for 20XX

However, an asset management fee in the fiscal year.

6. The borrower

 

has

 

(has not) maintained proper insurance in accordance with the

requirements in 7 CFR 3560.105. Coverage maintained for is as follows:

__ Liability Insurance __ Property Insurance __ Fidelity Bond

__ Flood Insurance

__ Earthquake Insurance

__ Other: ____________________

7.All financial records are (are not) adequate and suitable for examination.

8.There have been no changes in the ownership of

other than those approved by the Agency and identified in the certification. For non-profit

borrowers: The Board of Directors

 

 

is

 

 

(is not) active and maintains oversight responsibilities

for the project.

 

 

 

 

 

 

 

 

 

 

 

 

The real estate taxes (property taxes)

are paid

in accordance with state and/or local

requirements. As of

, there are no delinquent real estate taxes (property taxes).

 

 

 

 

 

 

 

 

I certify that the above is true, accurate and is properly supported by documentation kept in our files.

_____________________________________

_____________________________________

Printed Signature

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1. The rd handbook hb 2 3560 needs particular details to be typed in. Make certain the next fields are filled out:

hb 2 3560 form completion process clarified (part 1)

2. After finishing this section, head on to the subsequent stage and fill in the necessary details in all these fields - The reserve accounts, a is on not on schedule with the, countersignature on all withdrawals, c is on not on schedule with, with the Agency required minimum, d has no has encumbrances on the, The tenant security deposits, maintained in separate accounts, The payment of owner return was, and paid in the amount of for XX.

Filling out section 2 in hb 2 3560 form

3. Completing HB Attachment C Page of, not allowable due to our nonprofit, The borrower has has not, requirements in CFR Coverage, is as follows, Liability Insurance Property, Flood Insurance Earthquake, Other, All financial records are are not, There have been no changes in the, other than those approved by the, for the project, The real estate taxes property, and I certify that the above I certify is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Stage number 3 in filling in hb 2 3560 form

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ROW, Signature of GP or Printed, and Signature of GP or Printed in hb 2 3560 form

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