28 Feb To your a dealer loan, the latest examination will be complete inside 60 days following big date of disbursement
( ii ) the total amount lent has been spent on developments eligible under § (b) as well as in accordance toward package otherwise cost imagine furnished to the financial institution before disbursement of financing proceeds, and you can
In the event the debtor will not cooperate within the permitting an on-site review, the financial institution should report this particular fact for the Secretary
( iii ) The newest debtor have not obtained the main benefit of and will not get any cash fee, promotion, cash extra, conversion process payment, or one thing of more than nominal really worth out-of any company otherwise seller just like the a motivation on the consummation of the mortgage transaction.
( 2 ) The fresh new debtor should fill in the conclusion certificate punctually through to brand new work's completion, however later on than just half a year following disbursement of your own loan proceeds, which have one half dozen-times extension if necessary. In case the borrower does not fill out the culmination certification in these day restrictions, an on-web site check is held according to paragraph (c) of area.