Consolidations.

CFR · 2024-01-01 · US · Title 7

(a) (b) (1) Multiple loans to the one borrower entity are being transferred to a different borrower entity in accordance with § 3560.406, or (2) One borrower entity has an initial loan and one or more subsequent loans for the same housing project and all the loans were closed on the same date and with the same rates and terms. (c) (1) The loan agreements or loan resolutions may only be consolidated when they are related to loans made for the same purposes, to the same borrower, and operating under the same type of interest credit, if applicable. (2) All of a borrower's loan accounts must be current after the loan agreement or loan resolution consolidation is processed, unless otherwise approved by the Agency.

official document · source cfr-2024 · id 7:§ 3560.410