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Notes

§242.7. Maximum mortgage amounts.

24 C.F.R. § 242.7

The mortgage shall involve a principal obligation not in excess of 90 percent of HUD's estimate of the replacement cost of the hospital, including the equipment to be used in its operation when the proposed improvements are completed and the equipment is installed.
Notes, amendments, and revision history

Authority

Authority: 12 U.S.C. 1709, 1710, 1715b, 1715n(f), and 1715u; 42 U.S.C. 3535(d).

Source

Source: 72 FR 67546, Nov. 28, 2007, unless otherwise noted.