Forms

(1) Forms to be employed for the making and processing of applications for mortgage loans and for the administration of all matters related thereto may be prepared, revised and amended from time to time by the Agency, and may specify the information to be included therein and the supporting materials to be submitted therewith. Nothing in this rule would prevent a local government which is administering its own program preparing its own forms provided that they do not conflict with the requirements of these rules. (2) The Agency reserves the right to pursue all remedies prescribed by law, including without limitation the failure to act or fulfill any terms and conditions of commitments, deeds of trust, origination and servicing agreements and requirements for participation and for breach of any other documents referred to in these rules.