NAC319.492. “Eligible borrower” defined.

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“Eligible borrower” means a person who:

     1. Is a member of a participating employee group;

     2. Is a member of an eligible family as defined in NRS 319.060;

     3. Has a household income that does not exceed 170 percent of the median income for the area in which the home is located, unless the Division approves a higher limit; and

     4. Completes a homebuyer education class approved by the Division that is in accordance with the homebuyer education topics, guidelines and protocols of the United States Department of Housing and Urban Development.

(Added to NAC by Housing Div. by R192-08, eff. 12-17-2008)

                    
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