Code of Federal Regulations · Section

§ 1000.412 — Can An Issuer Obtain A Guarantee For More Than One Note Or Other Obligation At A Time?

24 C.F.R. § 1000.412

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Yes. To obtain multiple guarantees, the issuer shall demonstrate that:

(a) The issuer will not exceed a total for all notes or other obligations in an amount equal to five times its grant amount, excluding any amount no longer owed on existing notes or other obligations; and

(b) Issuance of additional notes or other obligations is within the financial capacity of the issuer.

24 C.F.R. § 1000.410 24 C.F.R. § 1000.414

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