§ 241.1068 - Renegotiation of an equity loan.  


Latest version.
  • The Commissioner shall renegotiate and modify the terms of an equity loan insured under this subpart at the request of the owner of the project for which a loan closing occurred if—

    (a) The loan closing occurred between September 28, 1992 and January 26, 1993;

    (b) The loan was made pursuant to a plan of action submitted under subpart C of part 248 of this chapter; and

    (c) The plan of action was accepted by the Commissioner for processing in December 1991.

    [58 FR 37814, July 13, 1993]