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Quick Start: Site Index - Lender Assessment Subsystem

 

The Lender Assessment Subsystem (LASS) is an electronic system to allow lenders to submit required annual audited financial data and other audit information to demonstrate compliance with FHA mandatory certification and recertification requirements in reporting net worth, liquidity, and other information. As of September 30, 2002, it became mandatory that this audited data be submitted electronically via LASS.

Refer also to the FHA Connection Frequently Asked Questions sections on LASS policy and the LASS system and the How to Register (Auditor/Independent Public Accountant) section of this Quick Start Guide.