Transactions Eligible for a Waiver of Project Review
Transactions involving PUD projects are eligible for a waiver of project review; however, the lender must determine that the requirements in B4-2.3-01, Eligibility Requirements for Units in PUD Projects are met.
Exception to the waiver policy: If the property is a manufactured home or the project contains any manufactured homes, such property or project is not eligible for a review waiver and must be reviewed based on the applicable manufactured home project review requirement.
Refer to B4-2.1-02, Waiver of Project Review, for more information.