13 CFR 120.922

§ 120.922 Pre-existing debt on the Project Property.

United States · 13 CFR — Business Credit and Assistance · Status: effective

Cite this

Citation: 13 CFR 120.922, § 120.922 Pre-existing debt on the Project Property, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52254
Permanent ID: ys:prov:52254@1
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Full text

In addition to its share of Project cost, a Third-Party Loan may include consolidation of existing debt on the Project Property. The consolidation must not improve the lien position of the Lender on the pre-existing debt, unless the debt is a previous Third-Party Loan.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.