§123.7. Are there restrictions on how disaster loans can be used?
13 C.F.R. § 123.7
You must use disaster loans to restore or replace your primary home (including a mobile home used as a primary residence) and your personal or business property as nearly as possible to their condition before the disaster occurred, and within certain limits, to protect damaged or destroyed real property from possible future disasters.
Notes, amendments, and revision history
Amendments
[61 FR 3304, Jan. 31, 1996, as amended at 88 FR 39340, June 16, 2023]
Authority
Authority: 15 U.S.C. 632, 634(b)(6), 636(b), 636(d), 657n, 9009, and U.S. Const. art. VI, cl. 10.
Source
Source: 61 FR 3304, Jan. 31, 1996, unless otherwise noted.
Amendments
[61 FR 3304, Jan. 31, 1996, as amended at 88 FR 39340, June 16, 2023]