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Condo & PUD Matrix Reference Sheet Classification & Type ...

Page 1 of 6. Condo & PUD Matrix Reference Sheet Classification & Type DEFINITION PRE-SALE/OCCUPANCY DOCUMENTATION & REQUIREMENTS. (Must be Complete on 1008). Established Appraisal PUD: Attached: Unit is 100% Control of HOA: Homeowners Association turned over to unit owners ESTABLISHED E complete None 1 million Master Insurance Policy for the Project (applies to attached Detached: No review only). required New or proposed Appraisal PUD: Attached: Unit is 100% Control of HOA: No requirements NEW F complete 50% Presale (as confirmed by 1 million Master Insurance Policy for the Project (applies to attached Detached: No Review appraiser on page 3 of appraisal). only).

A completed IApprove Lending Condo Warranty Certification completed and signed by the Underwriter for all condos reviewed by IApprove Lending ... Coverage ≥ no less than the maximum amount of funds in custody of HOA or management company at any one time, OR ... usually a chain or hospitality entity.

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  Chain, Certifications, Custody, Condo

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