|If the rating of the financial institution issuing or confirming the Letter of Credit does not comply with...||You must...|
|Part I, Chapter 2: Mortgage Loan, Section 204.02: Issuers and Ratings||
Promptly notify Multifamily Business OperationsMultifamily Business OperationsTeam that can be contacted at [email protected] even if the Achievement AgreementAchievement AgreementAgreement requiring the Borrower to provide a letter of credit, cash, or guaranty as additional collateral to support the Mortgage Loan amount and specifying the terms for releasing the collateral. or other Collateral AgreementCollateral AgreementAgreement under which collateral (other than the Property) may be pledged, transferred, or otherwise provided to secure the Borrower’s obligations under a Mortgage Loan.
|Rating criterial in the Achievement Agreement or other Collateral Agreement||