Form HUD-92464-OHF Request for Approval of Advance of Escrow Funds - Hospitals / Section 242

What Is Form HUD-92464-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-92464-OHF?
A: Form HUD-92464-OHF is a request for approval of advance of escrow funds for hospitals under Section 242.

Q: What is Section 242?
A: Section 242 refers to a program under the United States Department of Housing and Urban Development that provides mortgage insurance for hospitals.

Q: What is the purpose of Form HUD-92464-OHF?
A: The purpose of this form is to request the approval of advance of escrow funds for hospital projects.

Q: Who needs to fill out this form?
A: Hospitals seeking mortgage insurance under Section 242 need to fill out this form.

Q: What are escrow funds?
A: Escrow funds are funds held in a neutral account by a third party until certain conditions are met.

Q: How can hospitals use advance of escrow funds?
A: Hospitals can use advance of escrow funds for financing improvements in the construction or rehabilitation of their facilities.

Q: What is the process for requesting advance of escrow funds?
A: The hospital must complete Form HUD-92464-OHF and submit it to the Department of Housing and Urban Development for approval.

Q: Is there a deadline for submitting this form?
A: There is no specific deadline mentioned for submitting this form.