24 C.F.R. § 1000.412

Can an issuer obtain a guarantee for more than one note or other obligation at a time?

Last amended: 2016Year: 2026Length: 63 wordsSubsections: 2Official source

Cite as 24 C.F.R. § 1000.412 (2026)

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. § 1000.412: Can an issuer obtain a guarantee for more than one note or other obligation at a time? | Justis AI