3-Exhibit H - Cost Sheet LIEN SATISFACTION AND RECORDING SERVICES.pdf
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- Attached to
- LIEN SATISFACTION AND RECORDING SERVICES FOR THE NEW JERSEY HOMEOWNER ASSISTANCE FUND PROGRAM
- Solicitation number
- 2025-062
- Issued by
- New Jersey
About this file
This is a Cost Sheet Exhibit for a Request for Qualifications issued by the New Jersey Housing and Mortgage Finance Agency for Lien Satisfaction and Recording Services under the New Jersey Homeowner Assistance Fund Program. The Agency seeks qualified contractors to create, complete, sign, record, and distribute lien satisfactions for mortgages originated under the NJ ERMA Homeowner Assistance Fund program upon expiration of their three-year terms. Contractors will be required to submit monthly invoices throughout the Federal Homeowner Assistance Fund Performance Period, with remaining satisfactions distributed at program closure for prepayment completion.
The Agency will compensate contractors at a fixed rate of $100 per completed satisfaction. Invoices are to be submitted monthly until the Agency closes the active program at the end of the performance period. Contractors may petition the Agency to reexamine and adjust the fee structure if recording fees increase by more than twenty percent from inception costs; however, final determination of any fee modification remains solely at the Agency's discretion. Bidders must formally accept or decline the outlined terms, with signature constituting attestation that the bidder has read, understood, and agrees to all terms, conditions, and specifications of the RFQ. Failure to accept within the specified timeframe or failure to meet contract terms may result in suspension or debarment from future Agency bidding.
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Text version
NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY
REQUEST FOR QUALIFICATIONS
FOR
LIEN SATISFACTION AND RECORDING SERVICES
FOR
THE NEW JERSEY HOMEOWNER ASSISTANCE FUND PROGRAM
COST SHEET
EXHIBIT H
The Agency shall pay the Contractor(s) $100 per completed Satisfaction. During the Federal Homeowner
Assistance Fund Performance Period, invoices shall be submitted monthly by the Contractor until the
Agency closes the active Program at the end of the performance period. At that time, remaining satisfactions shall be distributed to the Contractor(s) and the Agency will prepay for their completion at $100 per completed Satisfaction. If, at any time, recording fees increase by more than twenty percent (20%) from the cost at inception, Contractor may petition the Agency to reexamine and adjust the fee paid per completed satisfaction. Final determination of any fee change will be solely at the discretion of the Agency.
Please Accept or Decline the term outlined above
ACCEPT DECLINE
Signature of the Bidder attests that the Bidder has read, understands, and agrees to all terms, conditions, and specifications set forth in the Request for Qualifications (RFQ) including all addenda.
Furthermore, signature by the Bidder signifies that the RFQ and the responsive submission constitutes a Contract immediately upon notice of acceptance of the submission by the New Jersey Housing and
Mortgage Finance Agency for any and all of the services requested and for the length of time indicated in the Request for Qualifications. Failure to accept the Contract within the time period indicated or failure to hold prices or to meet any other terms and conditions as defined in the Request for
Qualifications during the term of the Contract, shall constitute a breach and may result in suspension or debarment from further Agency bidding.
Name of Firm (Please print or type) Address
Phone Number City, State, Zip
Name (Please print or type) Title
Signature E-mail
Date
| ACCEPT: |
| DECLINE: |
| Name of Firm: |
| Please print or type: |
| Phone Number: |
| Name: |
| Please print or type_2: |
| Date: |
| Address: |
| City State Zip: |
| Title: |
| Email: |
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