---
kind: "section"
citation: "7 C.F.R. § 3565.153"
title: "7"
number: "3565.153"
heading: "Experience and capacity of borrower."
url: "https://uscodex.org/cfr/7/3565.153"
---

# §3565.153. Experience and capacity of borrower.


At the time of application, the lender must certify that the borrower:

- (a) Has the ability and experience to construct or rehabilitate multifamily housing that meets the requirements established by the Agency, the lender and the loan agreement;
- (b) Has the legal and financial capacity to meet all of the obligations of the loan; and
- (c) Has the ability and experience to meet the property management requirements established by the Agency, the lender, and the loan agreement.

## Notes

### Authority

Authority: 5 U.S.C. 301; 7 U.S.C. 1989; 42 U.S.C. 1480.

### Source

Source: 63 FR 39458, July 22, 1998, unless otherwise noted.