24 CFR 232.3 : Housing And Urban Development (§ 0.1 To Parts 4101-4199) — (§ 200.1 To Parts 403-499) — Regulations Relating To Housing And Urban Development (Continued) (§ 200.1 To Parts 403-499) — Office Of Assistant Secretary For Housing - Federal Housing Commissioner, Department Of Housing And Urban Development (§ 200.1 To Parts 292-299) — Mortgage And Loan Insurance Programs Under National Housing Act And Other Authorities (§ 201.1 To § 267.22) — Mortgage Insurance For Nursing Homes, Intermediate Care Facilities, Board And Care Homes, And Assisted Living Facilities (§ 232.1 To § 232.1015) — Eligibility Requirements (§ 232.1 To § 232.11) — Eligible borrower.

4 Aug 2016

The borrower shall be a single asset entity acceptable to the Commissioner, as may be limited by the applicable section of the Act, and shall possess the powers necessary and incidental to owning the project, except that the Commissioner may approve a non-single asset borrower entity under such circumstances, terms, and conditions determined and specified as acceptable to the Commissioner.

24 CFR 232.3

[77 FR 55136, Sept. 7, 2012]