§ 1000.414. How is an issuer's financial capacity demonstrated?
29 words·~1 min read·
/us/cfr/t24/s§ 1000.414·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An issuer must demonstrate its financial capacity to:
(a)Meet its obligations; and
(b)Protect and maintain the viability of housing developed or operated pursuant to the 1937 Act.