§3560.631. Agency monitoring.
7 C.F.R. § 3560.631
A compliance review and physical inspection will be conducted by the Agency at least once every 3 years. The purpose of this review will be to inspect:
Tenant eligibility documentation;
Financial information on the operation and management of the labor housing, including relevant borrower financial materials;
Payment of taxes, insurance and hazard insurance;
Compliance with the security deposit requirements;
Compliance with the operating plan;
Compliance with the loan agreement;
Compliance with Agency requirements for affordable, decent, safe, and sanitary housing; and
Compliance with civil rights requirements.
Notes, amendments, and revision history
Authority
Authority: 42 U.S.C. 1480.
Source
Source: 69 FR 69106, Nov. 26, 2004, unless otherwise noted.