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The HUD 92541 form, also known as the Builder's Certification of Plans, Specifications, and Site, serves as a critical document in the development and financing process for newly constructed properties under the Federal Housing Administration (FHA) guidelines. This form ensures that builders provide essential information regarding site analysis as well as compliance with standards that protect future homeowners. Key components of the form include a thorough examination of flood hazards, noise considerations, and proximity to potential hazards like explosive materials and toxic waste sites. Builders must affirm the accuracy of their site assessments by completing various sections detailing all relevant site conditions, while also certifying that construction plans adhere to necessary federal, state, and local building codes. By signing the form, builders not only assert that they have taken into account foreseeable hazards but also ensure that the homes will meet the minimum property standards required by HUD. The form further addresses marketing obligations for builders intending to sell five or more houses, emphasizing adherence to fair housing laws and practices. Thus, the HUD 92541 form plays a pivotal role in safeguarding the interests of both builders and homeowners, fostering compliance with housing regulations while promoting safe living environments.

Hud 92541 Example

Builder's Certification

U.S. Department of Housing

OMB Approval No. 2502-0496

and Urban Development

Exp 01/31/2024

of Plans, Specifications, & Site

Office of Housing

 

 

 

 

Federal Housing Commissioner

 

Property Address (street, city, state, & zip code)

Subdivision Name

Mortgagee's (Lender's) Name & Address (this is the lender who closed the loan)

FHA Case Number

Phone Number

1. Site Analysis Information: To be completed on all proposed and newly constructed properties.

YES

NO

A. Flood Hazards. Are the property improvements in a Special Flood Hazard Area (SFHA)?

 

 

1) Provide the community number and date of the Flood Insurance Rate Map (FIRM) used to document your answer.

 

 

Community Number

 

Map Date

 

 

 

 

2)If participating, is the community in good standing with the National Flood Insurance Program (NFIP)?

3)If "Yes" to item 1.A. above, attach:

(i)A Letter of Map Amendment (LOMA) or;

(ii)A Letter of Map Revision (LOMR) or;

(iii)A signed Elevation Certificate documenting that the lowest floor (including basement) is built in compliance with

24 CFR 200.926d(c)(4).

,VWKHSURSHUW\ORFDWHGZLWKLQD&RDVW%DUULHU5HVRXUFH6\VWHP&%56",I\HVWKHSURSHUW\LVLQHOLJLEOHIRU)+$LQVXUHGILQDQFLQJ B. Noise. Is the property located within 1000 feet of a highway, freeway, or heavily traveled road?

(i)Within 3000 feet of a railroad?

(ii)Within one mile of a civil airfield or 5 miles of a military airfield?

C. Runway Clear Zones / Clear Zones. Is the property within 3000 feet of a civil or military airfield?

(i)If "Yes," is the property in a Runway Clear Zone / Clear Zone?

D. Explosive /Flammable Materials Storage Hazard. Does the property have an unobstructed view or located within 2000 feet of any facility handling or storing explosive or fire prone materials?

E. Toxic Waste Hazards. Is the property within 3000 feet of a dump, landfill or site recognized on a EPA Superfund National Priority List (NPL) or equivalent State list?

F. Foreseeable Hazards or Adverse Conditions.

1)Does the site have any rock formations, high ground water levels, inadequate surface drainage, springs, sinkholes, etc.?

2)Does the site have unstable soils (expansive, collapsible, or erodible)?

3)Does the site have any excessive slopes?

4)Does the site have any earth fill?

(i)If "Yes," will foundations, slabs, or flatwork rest on the fill?

If you marked "Yes" to any of the above questions in item "F," attach a copy of all State licensed engineers' (soils and structural) reports, designs, and/or certifications to demonstrate compliance with HUD requirements ensuring structural soundness of the improvements and the health and safety of the occupants.

Refer to HUD Handbook 4145.1, HUD Handbook 4140.3 and HUD Handbook 4000.1.

2.

3.

4.

5.

Complete this section for all properties. The property complies with:

HUD Minimum Property Standards in the Code of Federal Regulations at 24 CFR 200.926d.

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IECC (International Energy Conservation Code)

Other Code or Local/State Code as follows:

Applicable Provisions:

6.

7.

8.

CABO One- and Two-Family Dwelling Code, as listed in 24 CFR 200.926b, replaced by IRC (International Residential Code)

Electrical Code for One­and­Two­Family Dwellings, as listed in 24 CFR 200.926b, or equivalent, name code:

This is a manufactured (mobile) home and was constructed in accordance with the Federal Manufactured Home Construction & Safety Standards (FMHCS). The label on the manufactured home reflects compliance with the FMHCS.

I hereby certify that the plans and specifications for all other construction (i.e., site, foundation) comply with applicable building codes or HUD requirements listed above, including Handbook 4145.1, Handbook 4000.1 II.A.1.b.iv.(B)(5)(c)(ii), II.D.5.c and the Permanent Foundations Guide for Manufactured Housing.

Previous Editions are Obsolete

Page 1 of 3

Handbook 4145.1, 4140.3 and 4000.1 form HUD-92541 (03/2018)

HUD Label Number(s):

Builder or Builder's Agent: I hereby certify that the site analysis information above is true and accurate to the best of my knowledge and belief and that the plans and specifications were designed to mitigate any foreseeable hazards or adverse conditions. On all properties eligible for maximum LTV financing, I further certify that I have personally reviewed the plans, specifications, and site information submitted herewith . Based upon my review, I hereby certify that such plans, specifications comply with the applicable building codes specified above as well as complying with the HUD construction requirements listed above. An "X" marked in the blank by each numbered item indicates that provisions from the marked code apply.

9.a. Name of Builder's Company or Builder's Agent (type or print)

10.a. Name & Title of Builder or Builder's Agent (type or print)

b. Street Address

b. Signature of Builder or Builder's Agent Date

Date

c. City, State, & Zip Code

c. Telephone Number (include area code)

11. Affirmative Fair Housing Marketing Plan (AFHMP) Did you sell five (5) or more houses in the last twelve (12) months or do you intend to

YES

NO

sell five (5) or more houses within the next twelve (12) months with HUD mortgage insurance?

 

 

 

 

If "Yes," check either a, b, c, or d below.

 

 

 

 

a. I am a signatory in good standing to a Voluntary Affirmative Marketing Agreement (VAMA).

 

 

 

 

b. I have an AFHMP which HUD approved on (mm/dd/yyyy)

 

 

 

 

 

 

 

 

 

 

 

c. I have a contract with

 

to market this SURSHUW\"

 

 

d. I certify that I will comply with the following: (a) Carry out an affirmative program to attract all minority and majority groups to the housing for initial sale or rental. Such a program shall typically involve publicizing to minority persons the availability of housing opportunities regardless of race, color, religion, sex, handicap, familial status or national origin, through the type of media customarily utilized by the applicants; (b) Maintain a nondiscrimination hiring policy in recruiting from both minority and majority groups;

(c)Instruct all employees and agents in writing and orally in the policy of nondiscrimination and fair housing; (d) &onspicuously

display the Fair Housing Poster in all Sales Offices, include the Equal Housing Opportunity logo, slogan and statement in all printed material used in connection with sales, and post in a prominent position at the project site a sign which displays the Equal Opportunity logo, slogan or statement, as listed in 24 CFR 200.620 and appendix to subpart M to part 200. I understand that I am obliged to

develop and maintain records on these activities, and to make them available to HUD upon request.

Builder: I hereby certify that the site analysis information is true and accurate to the best of my knowledge and belief. I further certify that on all properties eligible for maximum LTV financing, the plans and specifications submitted herewith have been reviewed by the individual signing above and that the individual has the knowledge and experience necessary to determine whether such plans and specifications comply with the HUD/FHA requirements set forth at 24 CFR 200.926d and with other applicable HUD requirements as determined in accordance with 24 CFR 200.926(d)(1) and (2). Any subsequent changes to these plans and specifications shall comply with the aforementioned requirements. Upon sale or conveyance of the property, the undersigned will promptly furnish to the lender a Warranty of Completion of Construction, form HUD-92544 on all properties eligible for maximum LTV financing.

12 a. Name of Builder's Company (type or print)

13 a. Name & Title of Builder (type or print)

b. Street Address

b. Signature of Builder

Date

c. City, State, & Zip Code

c. Telephone Number (include area code)

“I, the undersigned, certify under penalty of perjury that the information provided above is true and correct.

WARNING: Anyone who knowingly submits a false claim, or makes false statements is subject to criminal and civil penalties, including confinement for up to 5 years, fines, and civil penalties. (18 U.S.C. 1001, 1010, 1012; 31 U.S.C. 3729)”

This form must be complete and legible and must be reproduced to include all three pages.

Public reporting burden for this collection of information is estimated to average 15 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number.

Executive Order 11988 and HUD environmental regulations (24 CFR Part 51) require builders who build newly constructed properties to ensure that the property is not affected by: flood hazards, noise, runway clear zones, explosive/flammable materials storage hazards, toxic waste hazards, and other foreseeable hazards that may affect the site.

HUD requires this information to determine whether the site/location factors would adversely affect the dwelling or homeowner. A response is required whenever a builder builds new properties. Confidentiality is not applicable.

Previous Editions are Obsolete

Page 2 of 3

Handbook 4145.1, 4140.3 and 4000.1 form HUD-92541 (03/2018)

Instructions for Builder's Certification, form HUD-92541

Item 1. Site Analysis: All builders must answer all the questions in this item. An addendum may be added, if necessary, to provide a full explanation about any of the site conditions listed.

a. Flood Hazards: HUD prohibits new construction in Special Flood

Hazard Areas unless there is a Letter of Map Amendment (LOMA), a Letter of Map Revision (LOMR), or an Elevation Certificate in accordance with 24 CFR 200.926d(c)(4) provided to the lender.

Items 9 & 10.

The builder or the builder’s agent must complete and sign these items.

If the builder’s agent completes and signs these items, the agent is certifying that they have the knowledge and experience to determine whether the plans and

specifications comply with HUD/FHA requirements set forth in 24 CFR 200.926d

and with other applicable HUD requirements in 24 CFR200.926(d)(1) and (2). The builder’s agent further declares that the site information is true and accurate to the best of their knowledge and belief.

Items 1b.-f The builder must provide this information for all properties. If the property is a condominium, the builder may have to mitigate the site issue if the project has not yet been approved by HUD.

b. Noise: Self-explanatory.

c. Runway Clear Zones/Clear Zones: If the property is located in a Runway Clear Zone / Clear Zone, the lender must require, as a condition of borrower approval, that the borrower will sign a statement acknowledging receipt of the notification required by 24 CFR 51.303(a)(3).

d. Explosive/Flammable Materials Storage Hazard: Self-explanatory.

e. Toxic Waste Hazards: Self-explanatory.

f. Foreseeable Hazards or Adverse Conditions: Self-explanatory.

Items 2 - 8: The builder/builder’s agent must complete these items as follows:

Items 2, 3&4. Place an "X" in the box in Items 2, 3 and 4. The certified builder must complete Items 5 thru 8 as follows:

Item 5. The local/State code in Item 5 is the accepted code for a locality. The additional requirements needed from the Table in 24 CFR 200.926c, to supplement a partially acceptable local code, must be shown in Item 5.

Item 6. When the whole CABO Code is used as the HUD referenced code in jurisdictions with “no code” or an “unacceptable code,” place an “X” in the box in Item 6 and place the word “All” in the space.

Item 7. Place an “X” in the box on line 7, and, if applicable name equivalent code.

Item 8. If the dwelling is a manufactured (mobile) home, place an “X” in the box in Item 8. Properly complete lines 4 through 7 for all “foundation and site work.” Insert the HUD label number(s) in the box provided.

Item 11. If a builder has sold or intends to sell five (5) or more newly constructed properties within a twelve (12) month period, the builder is required to have one of the following:

a. Be in good standing to a Voluntary Affirmative Marketing Agreement

b. Have a HUD approved Affirmative Fair Housing Marketing Plan (AFHMP); c. Have a contract with a Marketing Agent to implement its approved AFHMP; or a contract with a Marketing Agent with signatory to a National Association of Realtors VAMA; or

d. Certify to the requirements which are hereby listed, taken from 24 CFR 200.620.

Items 12 & 13. The builder must complete and sign Items 12 and 13. The certification is self-explanatory. All changes to the original form must be initialed and dated by the builder.

Appraiser / Direct Endorsement Lender's Responsibility

FHA Roster Appraiser. The appraiser must receive a fully executed form HUD-92541 before performing the appraisal on proposed or under construction properties or properties less than one year old and never occupied.

The appraiser must review Item 1 and note in the Appraisal Report any discrepancies between the information in Item 1 and the actual conditions observed on site. The appraiser must take into consideration the effects of any site conditions on the value of the property.

Direct Endorsement Underwriter. The DE Underwriter must review the

Appraisal Report and the Builder Certification as part of the underwriting process, taking into consideration the effect of any site conditions on the value of the property. Page 1 of this form must be complete and legible.

The Mortgagee must provide the Appraiser with a fully executed form HUD­92541, signed and dated no more than 30 Days prior to the date the appraisal was ordered.

The DE Underwriter cannot change and/or modify this certification form.

Previous Editions are Obsolete

Page 3 of 3

Handbook 4145.1, 4140.3 and 4000.1 form HUD-92541 (03/2018)
Get Hud 92541 PDF Form

Form Characteristics

Fact Name Description
Purpose The HUD 92541 form certifies that all construction plans and specifications comply with HUD's minimum property standards and that site analysis has been completed for residential properties.
Completion Requirement This form must be completed and signed by builders or their agents for all proposed and newly constructed properties, ensuring compliance with building codes and HUD requirements.
Flood Zone Compliance New constructions in Special Flood Hazard Areas (SFHA) require documentation, such as a Letter of Map Amendment (LOMA) or a Letter of Map Revision (LOMR), as per regulation 24 CFR 200.926d.
Appraiser's Role An FHA Roster Appraiser must receive a fully executed HUD 92541 before conducting an appraisal on newly constructed or proposed properties, ensuring all site conditions are accurately reflected.

Guidelines on Utilizing Hud 92541

Completing the HUD 92541 form is a significant task that requires careful attention to detail. This form serves as a builder's certification of plans, specifications, and site assessments for properties being constructed. Ensuring the form is filled out accurately is essential for compliance with HUD regulations.

  1. Begin by entering the property address including the street, city, state, and zip code.
  2. Provide the subdivision name if applicable.
  3. Fill out the mortgagee's (lender's) name and address. Make sure this is the lender who closed the loan.
  4. Record the FHA case number assigned to the property and include a valid phone number for contact.
  5. Complete the site analysis information. Answer "YES" or "NO" to each question regarding flood hazards, noise, runway clear zones, explosive materials storage hazards, toxic waste hazards, and foreseeable hazards.
  6. For any "YES" responses in the site analysis, gather any required attachments or documentation, such as Letters of Map Amendment or signed elevation certificates, and ensure they are submitted with the form.
  7. In sections 2 to 8, indicate compliance with HUD minimum property standards and any applicable local/state codes related to construction.
  8. Complete items 9 and 10 by typing or printing the name of the builder's company or agent, followed by the name, title, address, and signature of the builder or agent along with the date.
  9. If applicable, answer item 11 regarding the Affirmative Fair Housing Marketing Plan. Indicate your status and check any relevant options.
  10. Finally, complete items 12 and 13 with the builder’s company name and title, followed by the signature and date.

Upon completion, review the form to ensure all sections are filled adequately. It's important to verify that all signatures are present and that any attachments, if needed, are included. Once the form is finalized, it should be submitted to the appropriate lender or authority for processing and further action.

What You Should Know About This Form

What is the HUD 92541 form?

The HUD 92541 form, also known as the Builder's Certification of Plans, Specifications, & Site, is a document required by the U.S. Department of Housing and Urban Development (HUD). It serves as a certification from builders that the property meets specific regulations and safety standards. This form is crucial for properties that will be financed with FHA mortgage insurance.

Who needs to complete the HUD 92541 form?

Builders or their designated agents must complete the HUD 92541 form for all new construction properties. It applies when the property is intended for FHA financing. The builder should ensure the form is accurate and reflects all necessary information regarding the property and its site conditions.

What information is required on the HUD 92541 form?

The form requires various details, including the property address, FHA case number, and lender’s information. Builders must analyze the site for potential hazards, such as flood risks, noise, and proximity to hazardous materials. Additionally, builders need to confirm compliance with HUD's Minimum Property Standards and relevant state or local codes.

What kind of site hazards does the form assess?

The HUD 92541 form evaluates several potential hazards, including flood risks, noise from nearby roads or airfields, the presence of explosive or flammable materials, and proximity to toxic waste sites. Builders must provide detailed responses and may need to attach reports from licensed engineers if any hazards are present.

What happens if a property is located in a Special Flood Hazard Area?

If a property falls within a Special Flood Hazard Area, builders must provide additional documentation, such as a Letter of Map Amendment (LOMA) or a Letter of Map Revision (LOMR). An Elevation Certificate may also be required to demonstrate that the property is compliant with safety standards set by HUD.

Is there a deadline for submitting the HUD 92541 form?

The form must be completed and signed before the appraisal of the property can take place. It should be submitted to the lender no more than 30 days before the appraisal is ordered. This ensures that all information is current and relevant to the property being evaluated.

What are the consequences for submitting false information on the HUD 92541 form?

Submitting inaccurate or false information can lead to serious legal consequences, including criminal and civil penalties. Builders must certify that all information on the form is true and correct under penalty of perjury. It is essential to provide accurate details to avoid potential legal issues.

What should builders do if they notice changes after submitting the form?

Any changes to the original information must be documented. The builder or their agent should initial and date these changes on the form. It is vital to keep all information consistent and updated as discrepancies can cause issues during the appraisal or loan approval process.

Where can builders find additional guidance on completing the HUD 92541 form?

Additional guidance is available in HUD Handbooks, specifically Handbook 4145.1 and Handbook 4000.1. These resources provide comprehensive information on the requirements and processes associated with the HUD 92541 form and can assist builders in ensuring compliance with all necessary regulations.

Common mistakes

When filling out the HUD 92541 form, several common mistakes can lead to delays or complications in the mortgage process. Awareness of these potential errors can make a significant difference. One of the most common mistakes is forgetting to provide the complete property address. Ensure that all fields, including street, city, state, and ZIP code, are accurately filled in. Missing any part of the address can create confusion and hinder the processing of the application.

Another frequent error arises in the site analysis section. Builders often fail to answer all the questions, especially regarding flood hazards. Each question must be answered clearly to indicate whether the property is located in a Special Flood Hazard Area. If marked "Yes," it is essential to attach the necessary documentation, such as a Letter of Map Amendment. Skipping these details is a mistake that can lead to significant issues down the line.

Inadequate responses about noise hazards also occur regularly. Builders should assess whether the property is within 1000 feet of highways or other noisy areas. A simple oversight in answering these questions can completely change the risk assessment for the property. Providing incomplete information can result in regulatory compliance issues later in the process.

Another oversight is failing to obtain and attach relevant engineering reports when necessary. If your site analysis indicates any foreseeable hazards or adverse conditions, you must include all required engineering documentation. Neglecting to do this can raise red flags during the review process, causing potential delays.

Additionally, it is crucial to ensure that all sections of the form are signed where required. Many individuals forget to include signatures or dates, which invalidates the submission. Each signature indicates that the builder or builder's agent certifies the information is accurate, and any omission can disrupt the processing timeline.

Maintain accuracy in the Affirmative Fair Housing Marketing Plan section as well. It is common for builders to overlook whether they are required to submit this information based on their recent sales history. If five or more properties were sold in the last twelve months or are intended to be sold in the next twelve months, appropriate disclosures are essential.

People also frequently misinterpret the local and state codes required in the compliance sections. Accurately identifying the governing codes is vital. Marking boxes incorrectly or referencing outdated codes can lead to complications in meeting HUD requirements. This can affect the approval of the construction or renovation processes.

Lastly, always ensure that all statements on the form are truthful. Misrepresentation can lead to severe penalties. The final declaration under penalty of perjury indicates that all information provided is accurate, so ensure careful completion of this area. It’s essential to take the time to double-check every part of the form to avoid these common errors.

Documents used along the form

The HUD 92541 form, also known as the Builder's Certification of Plans, Specifications, and Site, is an essential document for ensuring that properties meet specific standards and regulations. Alongside this form, there are other documents that builders and lenders typically utilize to ensure compliance and provide necessary information. Below are some forms commonly used in conjunction with the HUD 92541.

  • HUD-92544: Warranty of Completion of Construction - This document certifies that the construction of the property has been completed in accordance with the plans and specifications. Builders provide this warranty upon completion, ensuring quality and compliance with HUD requirements.
  • HUD-92900-A: FHA Loan Underwriting and Transmittal Summary - This summary includes vital details regarding the FHA loan application. It is essential for the underwriting process and must be submitted to the lender to verify that the application meets HUD criteria.
  • FHA Case Number Assignment - This is an identification number assigned by HUD to track the loan and property through the insurance process. It is crucial for all subsequent documentation and communications related to the property.
  • Letter of Map Amendment (LOMA) or Letter of Map Revision (LOMR) - These letters are issued by FEMA to modify flood zone designations. They are required when properties are located in Special Flood Hazard Areas to clarify compliance with flood insurance regulations.
  • Elevation Certificate - This form provides information about the elevation of the property in relation to flood zones. It is necessary for determining insurance costs and ensuring the property meets elevation standards.
  • Affirmative Fair Housing Marketing Plan (AFHMP) - If builders intend to sell multiple homes within a year, they must create this plan to demonstrate their commitment to fair housing practices. It outlines strategies for promoting equitable access to housing.

Understanding these documents is crucial for successfully navigating the construction and financing process associated with FHA loans. Each form serves a specific purpose, helping to safeguard the interests of homeowners, lenders, and builders alike.

Similar forms

  • Form HUD-92544: Known as the Warranty of Completion of Construction, this form requires builders to certify that all construction work complies with the required standards. Like the HUD 92541, it emphasizes builder accountability and the quality of construction, thereby ensuring that the conditions of a property meet the FHA standards before it can be sold.

  • FHA Form 92900-A: This is the Loan Origination Assignment. It serves to document the assignment of the mortgage application to the lender. Similar to the HUD 92541, it collects critical information that affects the loan process, ensuring compliance with FHA guidelines and supporting the underwriting process.

  • Form HUD-92070: This is the Property Appraisal and Compliance Report. It assesses whether properties meet applicable standards compliance. Similar to HUD 92541, it functions as an essential tool to evaluate properties for FHA financing, focusing on adherence to safety and environmental standards.

  • FHA 203(k) Loan Program Documents: These documents guide the process for HUD’s rehabilitation and repair loan program. They require a detailed analysis of proposed improvements, akin to the HUD 92541’s comprehensive site analysis regarding the property’s condition and compliance with FHA standards.

  • Environmental Review Records: These records encompass the assessments that organizations must complete to evaluate environmental impacts before construction. They share similarities with the HUD 92541 by addressing potential hazards that might affect a property’s value and tenant safety, ensuring compliance with federal environmental regulations.

Dos and Don'ts

When filling out the HUD 92541 form, builders and builders' agents must navigate a series of important considerations. Adhering to best practices can ensure accuracy and compliance. Below is a list of things to do and to avoid when completing this form.

  • Do answer all questions in Item 1. This includes site analysis information related to hazards and conditions affecting the property.
  • Do ensure that all data is accurate. Incorrect information can lead to significant delays or penalties.
  • Do attach necessary documentation. This may include Letters of Map Amendment (LOMA), Letters of Map Revision (LOMR), or Elevation Certificates when applicable.
  • Do clearly print or type all information to improve legibility.
  • Do review the form thoroughly before submission to prevent minor errors that could have big repercussions.
  • Don't leave any sections incomplete. Skipping questions can result in your form being rejected.
  • Don't forget to sign and date the form. A missing signature can invalidate the entire submission.
  • Don't use outdated versions of the form. Always use the most current model to ensure compliance with HUD guidelines.
  • Don't assume that verbal commitments or agreements will suffice. Documentation is essential for compliance and record-keeping.

Misconceptions

Misunderstandings about the HUD 92541 form are quite common. Here are seven prevalent misconceptions and clarifications regarding this form:

  • The HUD 92541 form is only for new construction. This is not true. While it is commonly associated with newly constructed properties, the form is also relevant for properties that have undergone significant renovations or changes.
  • Only builders need to fill out the HUD 92541 form. Many people believe this, but it is essential for both builders and their agents to complete and sign the form to certify compliance with HUD requirements.
  • The form is unnecessary if the property is not in a flood zone. This misconception overlooks that the form evaluates various hazards, not solely flood risks. Its purpose is to ensure safety against multiple environmental issues.
  • Once submitted, the information on the form can’t be changed. In reality, any changes to the original submission must be initialed and dated by the builder. This allows for adjustments as needed throughout the process.
  • A builder can disregard local codes if they use the HUD 92541 form. This is misleading. Local building codes must still be adhered to. The form requires builders to certify that their plans comply with local regulations as well as HUD standards.
  • The Appraiser does not rely on the HUD 92541 form during evaluations. This belief is inaccurate. Appraisers must receive a fully executed HUD 92541 form to guide their assessment and ensure site conditions are accurately noted in appraisal reports.
  • All properties must meet the same standards outlined in the form. While the HUD 92541 provides minimum requirements, specific standards can vary based on local codes and the type of construction. Builders should always consider local regulations in addition to HUD’s minimum property standards.

Clearing up these misconceptions about the HUD 92541 form can lead to better compliance and smoother transactions in the property development and financing processes.

Key takeaways

  • The HUD 92541 form is essential for builders to certify that their property meets federal guidelines.
  • It covers critical aspects such as flood hazards, noise levels, and proximity to hazardous materials.
  • All questions in the Site Analysis section must be answered, with an explanation added if needed.
  • If the property is in a Special Flood Hazard Area, supporting documentation like a LOMA or Elevation Certificate is necessary.
  • Builders must certify compliance with the HUD Minimum Property Standards specified at 24 CFR 200.926d.
  • The form requires builders to provide their name, company, and signature, confirming that all provided information is accurate.
  • For properties selling five or more houses within a year, builders must have an Affirmative Fair Housing Marketing Plan (AFHMP).
  • Appraisers must view the completed HUD 92541 form before evaluating the property.
  • Direct endorsement underwriters will review this form as part of their assessment process.
  • Any changes to the form must be initialed and dated by the builder to ensure accuracy and compliance.

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