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MFA Ownership Change Application: Instructions and Applicant Checklists IRC Section 42(m)(1)(B)(ii)(II) requires that state agencies, in their QAP, \"give preference in allocating housing credit dollar
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The MFA ownership change application is a formal process through which individuals or entities report changes in ownership of a Master File Account (MFA) to the relevant authorities.
Any individual or entity that experiences a change in ownership of their Master File Account is required to file the MFA ownership change application.
To fill out the MFA ownership change application, individuals must provide relevant information such as the previous owner's details, new owner's information, and the effective date of the ownership change.
The purpose of the MFA ownership change application is to ensure that all ownership changes are accurately recorded and that the account information is kept up to date for regulatory purposes.
The information that must be reported includes details of the current owner, details of the new owner, the reason for the ownership change, and the effective date of the change.
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