(vi) In this 15 business days of the commitment of borrower’s financing rehabilitation payment number, brand new guaranty institution must provide the new borrower which have a written treatment arrangement which has the latest borrower’s payment count determined under section (b)(1)(iii), a favorite report that borrower ount, to your means and you can schedule to own elevating such as an objection, and you will an explanation of any almost every other fine print relevant so you can the mandatory a number of payments that needs to be created before the new borrower’s membership can be regarded as to have repurchase from the a qualified bank or project to your Secretary (i.e., rehabilitated). To accept the latest contract, this new debtor must sign and you will go back the fresh new arrangement otherwise accept new arrangement electronically not as much as a process available with the brand new agencies.
(A) Of one’s effects of obtaining loans rehabilitated (e.grams., elimination of new record out of standard throughout the borrower’s credit rating and come back to normal payment);