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Notes

§241.635. Regulatory agreement.

24 C.F.R. § 241.635

Any borrower obligated on the note for any loan insured under this subpart shall be regulated or restricted in a manner and on a form prescribed by the Secretary as to rents or sales, charges, capital structure, rate of return and methods of operation of the multifamily project to such an extent and in such manner as to provide reasonable rental to tenants and a reasonable return on the investment until the termination of all obligations of the Secretary under the contract of insurance.
Notes, amendments, and revision history

Source

Source: 45 FR 57983, Aug. 29, 1980, unless otherwise noted.

Authority

Authority: 12 U.S.C. 1715b, 1715z-6, and 1735d; 42 U.S.C. 3535(d).

Source

Source: 36 FR 24653, Dec. 22, 1971, unless otherwise noted.