---
kind: "section"
citation: "42 C.F.R. § 57.1510"
title: "42"
number: "57.1510"
heading: "Security for loans."
url: "https://uscodex.org/cfr/42/57.1510"
---

# §57.1510. Security for loans.


Each loan with respect to which a guarantee is made or interest subsidies are paid under this subpart shall be secured in a manner which the Secretary finds reasonably sufficient to insure repayment. The security may be one or a combination of the following:

- (a) **A first mortgage on the facility and site thereof.**
- (b) **Negotiable stocks or bonds of a quality and value acceptable to the Secretary.**
- (c) A pledge of unrestricted and unencumbered income from an endowment or other trust fund acceptable to the Secretary.
- (d) A pledge of a specified portion of annual general or special revenues of the applicant acceptable to the Secretary.
- (e) Such other security as the Secretary may find acceptable in specific instances.

## Notes

### Authority

Authority: Sec. 727, Public Health Service Act. 77 Stat. 170, as amended (42 U.S.C. 293g).

### Source

Source: 38 FR 31836, Nov. 19, 1973, unless otherwise noted.