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FORM OF OPINION OF COUNSEL TO ISSUER OF RATE CAP AGREEMENT Date Fannie Mae 3900 Wisconsin Avenue, NW Washington, DC 20016 Attention: Multifamily Activities Name of Lender Re: Rate Cap Agreement Transaction
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Who needs issuer of rate cap?

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Financial institutions such as banks, lending companies, or credit unions that offer rate caps to their customers.
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Government agencies or regulatory bodies responsible for overseeing interest rate regulations and policies.

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Issuer of rate cap is the entity that issues a financial instrument that sets a limit on the interest rate that can be charged.
The issuer of the rate cap is required to file the necessary documentation with the regulatory authorities.
The issuer of the rate cap must provide all relevant information regarding the financial instrument and its terms in the filing form.
The purpose of the issuer of rate cap is to provide protection against interest rate fluctuations for the holder of the financial instrument.
The issuer of the rate cap must report details of the financial instrument, its terms, and any relevant information that may impact its value.
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