§1000.412. Can an issuer obtain a guarantee for more than one note or other obligation at a time?
24 C.F.R. § 1000.412
Yes. To obtain multiple guarantees, the issuer shall demonstrate that:
The issuer will not exceed a total for all notes or other obligations in an amount equal to five times its grant amount, excluding any amount no longer owed on existing notes or other obligations; and
Issuance of additional notes or other obligations is within the financial capacity of the issuer.
Notes, amendments, and revision history
Authority
Authority: 25 U.S.C. 4101 et seq.; 42 U.S.C. 3535(d).
Source
Source: 63 FR 12349, Mar. 12, 1998, unless otherwise noted.