Conducting the PCA

Requirements

When conducting the PCAPCAAssessment of the Property's physical condition and historical operation. , you must:

• comply with Form 4099, and order all applicable PCAPCAAssessment of the Property's physical condition and historical operation. modules;
• identify all conditions that impact resident safety, marketability, or value of the PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). ; and
• properly mitigate those conditions.

If you retain a PCA ConsultantPCA ConsultantIndividual or firm conducting a PCA and preparing a PCA Report. that does not meet the educational qualifications or professional certifications, registrations, or training required by Form 4099, you must:

• determine that the PCA ConsultantPCA ConsultantIndividual or firm conducting a PCA and preparing a PCA Report. is qualified based on their alternative qualifications; and
• attach your description of the PCA ConsultantPCA ConsultantIndividual or firm conducting a PCA and preparing a PCA Report. ’s qualifications to the final PCAPCAAssessment of the Property's physical condition and historical operation. .

You must have an annual quality control program to review

• the quality of the PCAsPCAsAssessment of the Property's physical condition and historical operation. performed by your PCA ConsultantPCA ConsultantIndividual or firm conducting a PCA and preparing a PCA Report. , and
• your compliance with the requirements in this Section and the Form 4099.