907.03
PCA
Requirements
A PCAPCAAssessment of the Property's physical condition and historical operation. is required:
- if the site inspection
- notes structural or physical concerns, or
- results in an overall rating of 3 being reported on the Comp Assmt Addendum tab of the MBAMBAMortgage Bankers Association Standard Inspection Form; or
- when a Replacement ReserveReplacement ReserveCustodial Account the Borrower funds during the Mortgage Loan term for Replacements. is required per Part III, Chapter 9: Small Mortgage Loans, Section 908: Replacement Reserve.
Guidance
For a required or optional PCAPCAAssessment of the Property's physical condition and historical operation. , you may use the Streamlined Property Condition Assessment Guidance (Form 4099.A), but the PCAPCAAssessment of the Property's physical condition and historical operation. must otherwise comply with Part II, Chapter 4: Inspections and Reserves, Section 403: Property Condition Assessment (PCA).