AGENCY: Utah Housing Corporation

SERIES: 6666
TITLE: Multi-family mortgage project files
DATES: 1979-
ARRANGEMENT: Alphabetical by project name.

DESCRIPTION: These project files were created by the Utah Housing Finance Agency to track loan applications relating to bond issues for multi-family housing projects as part of the Federal Housing Authority (FHA) approval process. Although the agency has not made loans for multi-family projects since 1985, some bond series are being redeemed and still require agency action. May include the loan application and other supporting documentation.

RETENTION

Retain for 43 year(s)

DISPOSITION

Destroy.

RETENTION AND DISPOSITION AUTHORIZATION

Retention and disposition for this series were specifically approved by the State Records Committee.

APPROVED: 06/1991

FORMAT MANAGEMENT

Paper: Retain in Office for 1 year or until bond issue closes and then transfer to State Records Center. Retain in State Records Center for 42 years and then destroy.

APPRAISAL

Legal

This disposition is based upon the possibility of a legal dispute arising between Utah Housing Finance Agency and a lender during the course of a forty-year mortgage period. A dispute may require research back to the beginning of the bond issue date. A typical bond issue period is two to three years.

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