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f. HUD’s Initial Report (08/19/2024)
HUD will review the result of the claims review prior to the issuance of a report.
After completion of the reviews, HUD will issue the initial report identifying:
• any discrepancies resulting from inaccuracies, omissions, missed time requirements, or unsupported claim information;
• the Mortgagee’s potential liability (potential amount owed); and
• whether or not the Mortgagee is in compliance with HUD’s claim filing guidelines.
The Mortgagee’s potential liability is the greater of:
• the actual monetary errors found; or
• the lower limit of the statistical projection of monetary errors owed to HUD based on a confidence interval of 95%.