---
kind: "section"
citation: "24 C.F.R. § 573.6"
title: "24"
number: "573.6"
heading: "Submission requirements."
url: "https://uscodex.org/cfr/24/573.6"
---

# §573.6. Submission requirements.


A Financial Institution seeking a [Section 4](/cfr/24/4.md) Guaranteed Loan must submit to HUD the following documentation:

- (a) A statement that the institution is a Financial Institution as defined at [§ 573.2](/cfr/24/573.2.md).
- (b) A statement that the Borrower is eligible as defined at [§ 573.2](/cfr/24/573.2.md).
- (c) **A description of each eligible activity for which the loan is requested.**
- (d) A statement of other available funds to be used to finance the eligible activities (e.g., insurance proceeds).
- (e) A certification by the Borrower that the activities to be assisted resulted from an act of arson or terrorism which is the subject of the certification described in [paragraph (f)](#f) of this section.
- (f) A certification by a QCO that the damage or destruction to be remedied by the use of the Guaranteed Loan Funds resulted from an act of arson or terrorism.
- (g) The environmental documentation required by [§ 573.8](/cfr/24/573.8.md).
- (h) **A narrative of the institution's underwriting standards used in reviewing the Borrower's loan request.**
- (i) The interest rate on the loan and fees the lender intends to use in connection with the loan; and
- (j) **The percentage of the loan for which a guarantee is requested.**

## Notes

### Authority

Authority: Pub. L. 104-155, 110 Stat. 1392, 18 U.S.C. 241 note; 42 U.S.C. 3535(d).

### Source

Source: 61 FR 47405, Sept. 6, 1996, unless otherwise noted.