7 CFR 1955.141
§ 1955.141 Transferring title.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 1955.141, § 1955.141 Transferring title, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/29247
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Full text
(a)-(c) [Reserved]
(d) Rent increases for MFH property. After approval of a credit sale for an occupied MFH project, but prior to closing, the purchaser will prepare a realistic budget for project operation (and a utility allowance, if applicable) to determine if a rent increase may be needed to continue or place project operations on a sound basis. 7 CFR part 3560, subpart E will be followed in processing the request for a rent increase. In processing the rent increase, the purchaser will have the same status as a borrower. An approved rent increase will be effective on or after the date of closing.
(e) Interest credit and rental assistance for MFH property. Interest credit and rental assistance may be granted to program applicants purchasing MFH properties in accordance with the provisions of 7 CFR part 3560, subpart F.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.