---
kind: "section"
citation: "24 C.F.R. § 1000.432"
title: "24"
number: "1000.432"
heading: "Can an amendment to an approved guarantee be made?"
url: "https://uscodex.org/cfr/24/1000.432"
---

# §1000.432. Can an amendment to an approved guarantee be made?

- (a) **Yes.** An amendment to an approved guarantee can occur if an applicant wishes to allow a borrower/issuer to carry out an activity not described in the loan or other obligation documents, or substantially to change the purpose, scope, location, or beneficiaries of an activity.
- (b) Any changes to an approved guarantee must be approved by HUD.

## 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.