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7. Title I Property Improvement Dealers (05/09/2022)
A Dealer, for the purposes of a Title I Property Improvement Loan, refers to a seller, contractor, or supplier of goods or services. If the Dealer assisted the Borrower in preparing the credit application or assisted the Borrower in obtaining the Loan from the Lender, the Lender must comply with the requirements in Direct and Dealer Loan Process for Property Improvement Loan Program.
To facilitate the financing of property improvements, the Dealer may enter into a Business Relationship with an FHA Title I approved Lender that will provide financing to the Borrower.