§266.636. Insuring new loans for defaulted projects.
24 C.F.R. § 266.636
The HFA may not make another loan that is insured under this part to the same owner in the same project if HUD has paid a claim under this part.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1715z-22.; 42 U.S.C. 3535(d).
Source
Source: 59 FR 62524, Dec. 5, 1994, unless otherwise noted.