Code of Federal Regulations · Section

§ 3565.153 — Experience And Capacity Of Borrower

7 C.F.R. § 3565.153

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At the time of application, the lender must certify that the borrower:

(a) Has the ability and experience to construct or rehabilitate multifamily housing that meets the requirements established by the Agency, the lender and the loan agreement;

(b) Has the legal and financial capacity to meet all of the obligations of the loan; and

(c) Has the ability and experience to meet the property management requirements established by the Agency, the lender, and the loan agreement.

7 C.F.R. § 3565.152 7 C.F.R. § 3565.154

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