NAC319.723. Assumption of loan.

Latest version.

A loan from the Division is assumable if:

     1. A loan balance assumption fee of up to 1 percent of the loan balance, as determined by the Division, is paid to the Division;

     2. A processing fee, as established by the Division, is paid to the Division; and

     3. The Division approves of the assumption.

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

                    
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