AGENCY: Utah Housing Corporation

SERIES: 6662
TITLE: Mortgage purchase agreements
DATES: 1980-2002.
ARRANGEMENT: Chronological by bond series issue, thereunder numerical by loan number

DESCRIPTION: These agreements are created by the Utah Housing Finance Agency to document the negotiation of contractual obligations between the agency and mortgage lenders. Each agreement specifies the mortgage loan number and includes the amount of the loan, the property address being purchased, the names and signatures of the applicants, their social security numbers, the lender's name and signature, and the date signed.

RETENTION

DISPOSITION

RETENTION AND DISPOSITION AUTHORIZATION

These records are in Archives' permanent custody.

APPROVED: 06/1991

FORMAT MANAGEMENT

Paper: Retain in Office for 3 years or until purchasing is completed for bond issue and then transfer to State Records Center. Retain in State Records Center for 30 years and then destroy.

APPRAISAL

Legal

This disposition is based upon the agency's expressed legal need, in the event of a contractual dispute with a lender, to maintain the agreements 30 years (the mortgage period) beyond the close of the bond series issue date. A typical bond issue period is between two and three years.

PRIMARY DESIGNATION

Private

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