NAC319.7155. Amortization.

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Except as otherwise provided in this section, following the construction or rehabilitation period, fixed rate and variable rate loans on a project must be fully amortizing with a maximum term of 30 years. A loan insured by the Federal Housing Administration may have a maximum term of more than 30 years.

(Added to NAC by Housing Div. by R093-00, eff. 11-20-2000)

                    
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