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  • All borrowers must be listed on the utility bill and all parties listed on the utility bill must be borrowers
  • For rental units, utility account must be in name of owner
  • Active utility account that is current
  • Utility account cannot have been cutoff for non-payment in the past 12 months nor have a pending cutoff for non-payment
  • Utility account cannot be under a deferred payment agreement or have a pending deferred payment agreement
  • Utility requirements must be met from application through loan closing when a second and final utility eligibility check will be performed