§ 242.77. Liens.
139 words·~1 min read·
/us/cfr/t24/s§ 242.77·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The hospital must be free and clear of all liens other than the insured mortgage, except that the property may be subject to a lien as provided by terms and conditions established by HUD, as follows:
(a)An inferior lien made or held by a federal, state, or local government instrumentality;
(b)An inferior lien required in connection with a supplemental loan insured pursuant to section 241 of the Act;
(c)An inferior or superior lien on equipment as may be approved in connection with an equipment leasing program approved by HUD;
(d)An inferior or superior lien on accounts receivable as approved by HUD as collateral for a line of credit or other borrowing by a hospital insured under this part that has extraordinary needs such as cash flow difficulties; or
(e)Similar liens otherwise approved by HUD.
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§ 242.77
Liens.
Fed. Reg.×1
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