11-11-117. Construction to be substantially completed, or final insurance or guarantee certificate issued before loan disbursed.
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/sd/title-11/chapter-11-11/11-11-117·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The authority may not disburse a loan for the acquisition of a homeownership housing unit until construction is substantially complete or the final insurance or guarantee certificate has been issued.