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Contract - IHCDA - Mortage Foreclosure Counseling
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Contract - IHCDA - Mortage Foreclosure Counseling
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Board of Public Works
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Contracts
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1/23/2018
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from IHCDA's Controller. No payments will be made in advance of receipt of the goods or <br />services that are the subject of this Contract except as permitted by IC § 4-13-2-20. <br />37. Penalties/Interest/Attorne 's Fees. <br />IHCDA will in good faith perform its required obligations hereunder and does not agree to pay any <br />penalties, liquidated damages, interest, or attorney's fees, except as permitted by Indiana law, in <br />part, IC §5-17-5, IC §34-54-8, IC §34-13-1 and IC § 34-52-2-3. <br />Notwithstanding the provisions contained in IC 5-17-5, any liability resulting from IHCDA's failure <br />to make prompt payment shall be based solely on the amount of funding originating from IHCDA <br />and shall not be based on funding from federal or other sources. <br />38. Progress Reports. <br />The Contractor shall submit progress reports to IHCDA on a monthly basis or more often upon <br />request. The report shall be electronic, unless the IHCDA, upon receipt of the electronic report, <br />should deem it necessary to have it in written form. The progress reports shall serve the purpose of <br />assuring the IHCDA that persons referred to Contractor are receiving prompt and efficient services, <br />as well as assisting in monitoring the status of the 1FPN initiative and shall contain, at a minimum, <br />all information required by IHCDA. The Contractor acknowledges that data collection and <br />statistics, particularly with regard to settlement conferences, are central to the success and viability <br />of the IFPN. As such, the progress reports submitted by Contractor shall indicate, with regard to <br />each client of Contractor, whether client requested a settlement conference, and if so, whether the <br />settlement conference was "Successful" or "Not Successful". For the purposes of this Agreement, <br />"Successful" means any one of the following outcomes: a reinstated loan, a loan modification, a <br />repayment plan, a forbearance agreement or plan, a refinancing, a short sale or pre -foreclosure sale, <br />a deed -in -lieu of foreclosure, an agreement to stay foreclosure proceedings or other outcome which <br />the Director of Asset Preservation or his designee, in writing, has indicated is a Successful <br />Outcome. A settlement conference resulting in an outcome not above listed shall be reported as <br />"Not Successful" by Contractor. Further, Contractor shall capture and report to IHCDA the above - <br />described settlement conference data for clients serviced partially with sources of funding outside <br />this Contract. <br />39. Public Record. <br />The Contractor acknowledges that IHCDA will .not treat this Contract as containing confidential <br />information, and will post this Contract on its website as required by Executive Order 05-07. Use <br />by the public of the information contained in this Contract shall not be, considered an act of IHCDA. <br />40. Renewal Option. <br />This Contract may be renewed under the same terms and conditions, subject to approval of the <br />IHCDA Board of Directors, and in compliance with IC 5-22-17-4. The term of the renewed <br />Contract may not be longer than the term of the original Contract. <br />41. Severabili <br />The invalidity of any section, subsection, clause or provision of this Contract shall not affect the <br />validity of the remaining sections, subsections, clauses or provisions of this. Contract. <br />{00029857-1) <br />Page 14 of 29 <br />
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