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NOTICE TO BORROWER WITH INFORMATION FOR CALCULATING POTENTIAL RECAPTURE TAX Because you are receiving a mortgage loan from the proceeds of a tax-exempt bond, you are receiving the benefit of a lower
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Gather all necessary information and documentation related to the potential recapture.
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Who needs notice of potential recapture?

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Individuals or entities who have received notice from a government agency about a potential recapture of funds or assets.
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The notice of potential recapture is a form used to inform the government of the possibility of recapturing funds that were previously disbursed.
Entities or individuals who have received funds from the government and may need to return some or all of those funds are required to file a notice of potential recapture.
The notice of potential recapture can be filled out by providing information about the funds received, reasons for potential recapture, and any other relevant details.
The purpose of the notice of potential recapture is to notify the government about the possibility of funds needing to be returned and to provide transparency in the process.
Information such as the amount of funds received, reasons for potential recapture, and any supporting documentation must be reported on the notice of potential recapture.
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