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Code · CFR · Title 24 — Housing and Urban Development · Part 232 — Mortgage Insurance for Nursing Homes, Intermediate Care Facilities, Board and Care Homes, and Assisted Living Facilities · § 232.3

§ 232.3. Eligible borrower.

66 words·~1 min read·/us/cfr/t24/s§ 232.3·

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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. \[77 FR 55136, Sept. 7, 2012\]
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§ 232.3
Eligible borrower.
Fed. Reg.×33
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