Uniform Condominium Mortgage Questionnaire
Any lender or financial institution requiring Information not included in this Uniform Mortgage Questionnaire may request the use of their own Questionnaire by visiting http://www.camcomgmt.comand following the instructions for a Specialized Mortgage Questionnaire.
General Information
1. The named community is a: ______________
Was the community created by the conversion of an existing building? Yes __ No __
If yes, please indicate: Age of building: _____ years.
Type of original use: ______________________________________________________
2. Is the community a legally phased project? Yes __ No __
If yes, please indicate: Number of units: _____ Number of Phases: _____
Is the community subject to additional annexation or phasing? Yes __ No __
Description of additional annexation or phasing: _______________________
3. Unit Sales: Total number of units in project: _____ Total number units conveyed to
purchasers: _____
4. Unit Types: T/H __ Mid-Rise __ Number of stories: _____ Hi-Rise: _____ stories: _____
Parking Total Spaces: _____ Description: parking lot: _____
Breakdown of Unit
Sales total number principal residence units conveyed: _____
Total number of offsite addresses: _____
Number of offsite addresses may represent a combination of the following
Total number second home units conveyed: _____
Total number investor-owned units conveyed: _____
Total number retained by developer/converted: _____
5. Unit Maintenance: Are the common areas and units well maintained? Yes __ No __
If no, describe the maintenance needed:_______________________________________
Date the project was last inspected: ____ /____ /____
6. Does any investor own more than one unit? Yes __ No __
If yes, identify the investor (the same individual, investor group, partnership, or
corporation) and indicate the total number of units owned by each such investor in the
project. _________________________________________
Does any investor own more than ten percent of the total units in the project?
Yes __ No __
7. The recreational amenities (other than those in a Master Association) include:
swimming pool(s) __ clubhouse __ tennis courts __ playground __ fitness center __
basketball court __
8. Are all units and facilities complete? This includes all amenities and common areas such
as pools, tennis courts, roads, walkways, parking areas, landscaping, clubhouse, and
renovations associated with conversions. Yes __ No __
If no, how many units have been completed? _____
If no, how many phases have been completed? _____
Describe any incomplete item: _______________________________________________
9. Can the project be expanded beyond its current size? Yes __ No __
10. Is the owners' association currently a party to any type of litigation or public
administrative action (including any violations of any environmental or public
health statutes and laws or current environmental or public health litigation or
administrative action). Yes __ No __
If yes, describe the nature of the litigation or public action and attach any information:
________________________
11. Has the owners' association been notified of any violations of any government
or land-use regulations (such as zoning ordinances and coastal tideland or
wetland laws)? Yes __No __
If yes, describe the nature of the violations: ___________________________________
12. Is the subject a houseboat project (a boat that has been modified to be used
as a residence)? Yes __No __
13. Is the project a condominium hotel? Yes __No __
14. Are there any multiple-dwelling unit condominiums in the project (an owner
may own more than one dwelling unit evidenced by one note or deed)?
Yes __No __
15. Is the project a legal but non-conforming use of land? Yes __No __
16. Is this a mixed use development which may include retail/commercial
components? Yes __No __
17. Do the project documents allow the units to be used as timeshares?
Yes __No __
18. Is the project participating in any land use agreements with other
developments not controlled by the association? Yes __No __
Title Information
19. How is title to the units held? __________________________________________
20. Are there any leased recreational facilities or any common-area leases?
Yes __No __
21. Does the unit owner own the lot or land below the unit or an undivided
interest in common land? Yes __No __
22. Do unit owners have sale ownership interest in and the right to the use of the
project facilities? Yes __No __
If no, please explain: _____________________________________________________
23. Does the developer retain ownership interest in any of the facilities or common
areas? Yes __No __
If yes, please explain: ____________________________________________________
24. Do the project documents include restrictions on sale that would limit the free
transferability of title: (i.e. age restriction, right of first refusal, low-to
moderate-income restrictions)? Yes __No __
If yes, restrictions include:
Rental Information
25. Does the project consist of any leased or rented units? Yes __No __
26. Is there a rental service for leasing units? Yes __No __
If yes, participation is: ____________________________________________________
27. Does the owners' association provide a cleaning service for leased or rented
units? Yes __No __
28. Do the project documents allow the units to be leased or rented for less than a
30-day period? Yes __No __
29. Are there any other restrictions relating to the term of any lease or rental
agreement? Yes __No __
If yes, do the restrictions include: Copy of lease must be given to Management Company
along with tenant contact information? Yes __No __
Control Transfer Information
30. Has voting control of the Board of Directors been turned over from the builder
or developer? Yes __No __
If yes, date of transfer: ____/____/____ anticipated date of transfer: ____/____/____
Budget/Financial information
31. The owners' association fiscal year is from: ____/____/____
32. How many budget cycles have been controlled by the unit owners as a majority
(as opposed to the developer)? ______
33. The amount currently held in a segregated reserve fund for future repair
and/or replacement of major components of the project is:
Total Reserves: $ ___________
34. Does the budget include a 10% reserve? Yes __No __
35. Does the Homeowners Association maintain separate accounts for the
operating expense and reserve accounts? Yes __No __
36. Does the Association have any outstanding loans? Yes __No __
If yes, describe the nature of loan, purpose and collateral (if applicable). ____________
37. The unit assessment/common charges for all units are: The Same __ Charge by
Percentage Interest __
If the charges are the same, the assessment/common charges are: $ ______
If the charges are not the same, the assessment/common charges range from:
$ _________ to $ ________
Frequency with which assessments are charged: Monthly __ Quarterly __ Annually __
38. Do the unit assessments include any charges for unit utilities? Yes __No __
If yes, please indicate which utilities: Electric __ Heat __ A/C __ Gas __ Water __
39. At the start of the current fiscal year, how many owners are delinquent more
than 30 days in their unit assessment charges? _____ The total amount of
outstanding delinquent charges is: $ ___________
40. The total income budgeted for the current year is: $ ___________
41. Are the monthly bank account statements being sent either to the
homeowners association or the managing agent? Yes __No __
42. Are any special assessments now approved, or been any in the past two years?
Yes __No __
If yes, describe the special assessment and the total amount of assessment:
_____________________________________________________________________
Management Information
43. If the project is Managed by a Management Firm Provide the following
management contact information:
44. What is the length of the current management contract? ____ years. What is the
expiration date of the current management contract? ____/____/____
45. If a management firm manages the project, is it related to the developer?
Yes __ No __
46. Does the management company have fidelity insurance? Yes __ No __
If yes, the amount of coverage?
47. Does the management contract provide for termination without cause within
90 days or less with written notice? Yes __ No __
Commercial Non-Residential Use
48. Is any space within the project designated only for commercial/non-residential
use? Yes __ No __
If yes, the number of commercial units is: ____ Title to the commercial units is retained
by: ___________________
Describe commercial/non-residential units and permitted uses: _____________________
Can units be used both as residential and a retail/commercial place of business or
professional studio? Yes __ No __
49. What percentage of the community is commercial space? ____%
Low-and Moderate-Income Housing
50. Does the project contain any governmentally regulated low-and moderate-
income housing units (also known as inclusionary zoning)? Yes __ No __
If yes, how many are there? If yes, representing what percent?____ %
51. Identify units by type/size (i.e.: 1 bedroom, 2 bedroom, etc.): _______________
52. Provide the following municipal regulatory agent contact information:
Name: ________________________________________________________________
Title: _________________________________________________________________
Address: ______________________________________________________________
Telephone: ____________________________________________________________
Master/Umbrella Association Information
53. Is there more than one Association for the project, such as a "Master" or
"Umbrella" Association? (A Master or Umbrella Association is one with separate sub-
associations with their own legal documents): Yes __ No __
If yes, provide the following Master Association information:
The amount of the unit assessment/common charges for the master association is:
$ ___________
The frequency in which the master assessments/common charges are due for the unit
owners:
Provide a description of the Master Association's amenities: ______________________
Date in which the voting control of the master association's board of directors was
turned over from the builder: ____/____/____.
Insurance Information
54. Provide the following information regarding the project's insurance carrier:
Company: ____________________
Agent: ________________________________________________________________
Agent Address: __________________________________________________________
Telephone: _____________________________________________________________
55. What is the amount of coverage on the master insurance policy:
$ ___________ Deductible: _______________
Expiration Date: ____/____/____.
56. Are units or common elements located in a flood zone? Yes __ No __
If yes, is flood insurance in force? Yes __ No __
If flood insurance coverage is in force, does it cover at least 80% replacement?
Yes __ No __
If flood insurance coverage is in force, is this coverage maximum available per
condominium federal flood program? Yes __ No __
57. Is the HOA insured for fidelity bond? Yes __ No __
If the HOA is insured for fidelity bond, please provide the amount of coverage:
$ ___________
58. Provide the minimum number of days required for written notification to be
given to the HOA or insurance trustee before any substantial changes or
cancellation of the project coverage: _________________________
59. Contact the Insurance Agent for the Certificate of Insurance, Declaration of
Insurance, Schedule of Insurance, policy number(s) and all other insurance-
related information. $ ___________
Certification
I certify that, to the best of my knowledge and belief, the information and statements contained on this form and attachments (if applicable) are true and correct. The responses herein are made in good faith and to the best of my ability as to their accuracy.
CAMCO Management Lender Processing
Department Date Prepared:
____/____/____