Lender Guidelines: 8.5 Lender's Obligation to Notify TSAHC of Material Changes
Lender Guidelines: 8.5 Lender's Obligation to Notify TSAHC of Material Changes
The issuance of a commitment is based (in part) upon the Program Affidavit and the Lender’s certification that the program requirements have been met. Commitments are issued subject to the condition that all program requirements are or will be met prior to the closing of a mortgage loan. Thus, the Lender must immediately notify TSAHC of any change in the circumstances upon which the commitment was issued. If any change of circumstances occurs such that TSAHC requirements are not met, the commitment will be revoked and the mortgage loan cancelled.
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