To release a lien once the retention period has ended, or to determine the amount of repayment during the five-year retention period, a title company should work with the Lender named on the Deed Restriction, or the Beneficiary on a Deed of Trust (a retention form not currently in use). For forms which show a Beneficiary instead of a Lender, please work with our Community Investment Department by sending a copy of the recorded Agreement to email@example.com.
The Federal Home Loan Bank of Des Moines has temporarily suspended the requirement for repayment of AHP subsidy awards for owner-occupied units currently being sold or refinanced.
Owner-occupied units being sold or refinanced during the period of suspension will not be required to repay the subsidy award, and the lien may be released. Please see the Announcement below for more details, or call the Community Investment Department at 800.544.3452, ext. 2400 for information.
During the period of repayment suspension the Retention Agreements for owner-occupied units that are NOT being sold or refinanced should remain in place and may NOT be released, except that a Retention Agreement may be released in the event of the death of the borrower(s).
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