Lender Guidelines: 9.3 Penalties for Borrower Misrepresentation
Lender Guidelines: 9.3 Penalties for Borrower Misrepresentation
Strict penalties may be imposed on any Borrower making a material misstatement, misrepresentation, or fraudulent act on an application or other document submitted to obtain assistance from TSAHC. Further, any person making a material misstatement or misrepresentation in any affidavit or certification made in connection with the application shall be subject to all applicable fines and penalties.
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