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How is the financial and compliance data submitted via LASS evaluated?

April 26, 2017compliance Data evaluated financial lass submitted

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How is the financial and compliance data submitted via LASS evaluated?

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A8. HUD personnel review the data for compliance in accordance with Title 24 Code of Federal Regulations (CFR) Part 202, the HUD Consolidated Audit Guide 2000.4, Mortgagee Handbooks 4700.1 & 4060.1, Mortgagee Letters and other guidance as established and disseminated by HUD.