ServiSolutions has updated the Notification of Income-Based Deed Restriction/CLT form.

The following updates have been made:

• Clarified that a separate form is required for each additional assistance program not provided by the applicable HFA

• Revised and expanded the selection options in the Program Type section

• Revised and expanded the selection options in the Deed Restriction Type section

The information below outlines how the form must be completed:

• A separate form is required for each additional assistance program outside those provided by the applicable HFA.

• Lenders must complete all information at the top of the form- Lender Name, Borrower Name, ServiSolutions Loan Number, and Lender Contact Email.

• Individual program(s) must be listed in the List Source of Down Payment section. Ensure that both the Agency Provider and Program Name are included for each additional assistance program.

• Select the applicable Program Type(s).

• Select all applicable Deed Restriction Types or select None if not applicable. If any deed restrictions apply, either Yes or No must be selected in the Deed Restriction Terminates at Foreclosure section.

• In the final section, indicate whether the deed restriction is part of an HOA/Entity recorded Declarations/Bylaws/Rules &Regs or City/County Ordinance, if applicable.

• Ensure the form is properly executed, including the Date, Lender Authorized Representative Signature, Printed Name, and Title.

The updated form is linked above and is also available on our AllRegs page and may be used immediately.