---
kind: "section"
citation: "24 C.F.R. § 1000.412"
title: "24"
number: "1000.412"
heading: "Can an issuer obtain a guarantee for more than one note or other obligation at a time?"
url: "https://uscodex.org/cfr/24/1000.412"
---

# §1000.412. Can an issuer obtain a guarantee for more than one note or other obligation at a time?


Yes. To obtain multiple guarantees, the issuer shall demonstrate that:

- (a) 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
- (b) **Issuance of additional notes or other obligations is within the financial capacity of the issuer.**

## Notes

### 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.