---
kind: "section"
citation: "13 C.F.R. § 120.393"
title: "13"
number: "120.393"
heading: "Are there special application requirements?"
url: "https://uscodex.org/cfr/13/120.393"
---

# §120.393. Are there special application requirements?

- (a) An applicant must submit documentation from:
  - (1) A mortgage lender indicating that permanent mortgage money is available to qualified purchasers to buy such properties;
  - (2) A real estate broker indicating that a market exists for the proposed building and that it will be compatible with its neighborhood; and
  - (3) An architect, appraiser or engineer agreeing to make inspections and certifications to support interim disbursements.
- (b) The Borrower may substitute a letter from a qualified Lender for one or more of the letters.

## Notes

### Authority

Authority: 15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 134 Stat. 1182.

### Source

Source: 61 FR 3235, Jan. 31, 1996, unless otherwise noted.