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n. Claim Type 33 – National Emergency Standalone Partial Claim (01/30/2023)
The Mortgagee may file a claim for a National Emergency Partial Claim incentive and insurance benefits for a COVID-19 National Emergency Partial Claim or COVID-19 Recovery Partial Claim under Claim Type 33. The Mortgagee may include in its claim the accumulated arrearages, eligible unreimbursed Mortgagee advances, and related fees and costs.
HUD will pay the Mortgagee a financial incentive for the use of a COVID-19 Recovery Partial Claim in compliance with all regulatory requirements and procedures relating to the submission of incentive claims.
The Mortgagee may file for an incentive fee only for the Loss Mitigation Option used to cure the Default. When the COVID-19 Recovery Partial Claim and COVID-19 Recovery Modification are used together, the Mortgagee must submit two separate claims for the incentives for these two options.
HUD must receive a correct and complete claim submission of Parts A and B via FHAC or FHA Catalyst within 60 Days of the execution date of the promissory Note and Mortgage or the incentive will be disallowed.