AGENCY: Utah Housing Corporation

SERIES: 6653
TITLE: Delinquent loan monthly reports
DATES: 1981-2002.
ARRANGEMENT: Chronological, thereunder alphabetical by loan servicer name

DESCRIPTION: These monthly reports are created by mortgage loan servicers to track and report delinquent loans to the Utah Housing Finance Agency (UHFA). A separate report is completed for each delinquent loan. UHFA enters selected information from the reports into a computer data base in order to compile a monthly summary report on loan payment activity. Each delinquent loan report includes servicer name, address, and phone number; UHFA loan number, borrower's name, bond series, unpaid principal balance, monthly principal and interest constant, number of payments delinquent, and action authorized by UHFA (foreclosure, deed in lieu, bankruptcy, or a written liquidation plan). The report also provides the total number of loans serviced, the total number of delinquent loans, and the delinquency rate.

RETENTION

DISPOSITION

RETENTION AND DISPOSITION AUTHORIZATION

These records are in Archives' permanent custody.

APPROVED: 06/1991

FORMAT MANAGEMENT

Paper: Retain in Office for 1 year and then transfer to State Records Center. Retain in State Records Center for 2 years and then destroy.

APPRAISAL

Administrative

This disposition is based upon the reports usefulness to the agency as a reference tool in the event of a contractual disagreement between the agency and lenders.

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