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Borrower Affirmation Date: Loan No Borrower Name: 1. I understand that Impact Mortgage Corp. will determine my Ability to Repay this mortgage loan, as it is required to do under existing law, solely
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I understand that IMPAC refers to the Institutional Management and Programmatic Accountability Compliance reporting system, which is used to ensure compliance with programmatic regulations and institutional standards.
Organizations and institutions that receive federal funding or participate in federally funded programs are required to file the IMPAC report.
To fill out the IMPAC report, organizations must gather relevant data, complete each section according to provided guidelines, and submit the report electronically through the designated portal.
The purpose of the IMPAC is to ensure accountability and transparency in the use of federal funds and to assess compliance with applicable laws and regulations.
Information required includes financial data, programmatic outcomes, compliance metrics, and any relevant performance indicators related to funded programs.
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