§242.77. Liens.
24 C.F.R. § 242.77
The hospital must be free and clear of all liens other than the insured mortgage, except that the property may be subject to a lien as provided by terms and conditions established by HUD, as follows:
An inferior lien made or held by a federal, state, or local government instrumentality;
An inferior lien required in connection with a supplemental loan insured pursuant to section 241 of the Act;
An inferior or superior lien on equipment as may be approved in connection with an equipment leasing program approved by HUD;
An inferior or superior lien on accounts receivable as approved by HUD as collateral for a line of credit or other borrowing by a hospital insured under this part that has extraordinary needs such as cash flow difficulties; or
Similar liens otherwise approved by HUD.
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.