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328 (exp. 10/31/2012) U.S. Department of Housing and Urban Development Office of Housing Federal Housing Commissioner Title I Transfer of Note Report The selling institution certifies that all notes to be transferred have been previously accepted for insurance by HUD. The selling institution authorizes HUD to transfer, from its insurance coverage reserve account to the insurance coverage reserve account of the buying institution, an amount equal to 10 percent of the unpaid balance of each loa.

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