C.F.R. » Title 24 » CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT › SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES › PART 232—MORTGAGE INSURANCE FOR NURSING HOMES, INTERMEDIATE CARE FACILITIES, BOARD AND CARE HOMES, AND ASSISTED LIVING FACILITIES › Subpart A—Eligibility Requirements

24 C.F.R. § 232.3

Eligible borrower

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The borrower shall be a single asset entity acceptable to the Commissioner, as may be limited by the applicable section of the Act, and shall possess the powers necessary and incidental to owning the project, except that the Commissioner may approve a non-single asset borrower entity under such circumstances, terms, and conditions determined and specified as acceptable to the Commissioner.

[77 FR 55136, Sept. 7, 2012]
Notes of Decisions
Cited in 1 case, 1961–1961 · leading case: United States v. Queen's Court Apts., Inc., 296 F.2d 534 (9th Cir. 1961).
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United States v. Queen's Court Apts., Inc., 296 F.2d 534 (9th Cir. 1961). “” 24 C.F.R. § 232.3 (1959 ed.) “Mortgage forms.”
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