Form HUD-92456-OHF Escrow Agreement for Incomplete Construction

What Is Form HUD-92456-OHF?

This is a legal form that was released by the U.S. Department of Housing and Urban Development and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form HUD-92456-OHF?
A: Form HUD-92456-OHF is an Escrow Agreement for Incomplete Construction.

Q: What is the purpose of Form HUD-92456-OHF?
A: The purpose of this form is to establish an escrow account to hold funds for completing construction work.

Q: Who uses Form HUD-92456-OHF?
A: This form is used by contractors, developers, and lenders involved in housing construction projects.

Q: What information is required on Form HUD-92456-OHF?
A: The form requires information about the project, the borrower, the contractor, and the lender, as well as details about the construction work and the escrow account.

Q: Is Form HUD-92456-OHF mandatory?
A: Yes, this form is mandatory for certain housing construction projects that require an escrow account for incomplete work.

Q: Are there any fees associated with Form HUD-92456-OHF?
A: There may be fees associated with creating and maintaining the escrow account, which will be outlined in the agreement.

Q: Can Form HUD-92456-OHF be modified?
A: No, this form should not be modified. Any changes must be submitted as written addenda.

Q: How long does it take to complete Form HUD-92456-OHF?
A: The time to complete this form may vary depending on the complexity of the construction project, but it typically takes several days to gather the necessary information and complete the agreement.

Q: Who should I contact for help with Form HUD-92456-OHF?
A: For assistance with this form, you can contact HUD or consult with a legal professional or housing counselor.