Acquisition Loan [HUD] Law and Legal Definition
Pursuant to 24 CFR 241.1005 [Title 24 Housing and Urban Development; Subtitle B Regulations Relating to Housing and Urban Development; Chapter II Office of Assistant Secretary for Housing Federal Housing Commissioner, Department of Housing and Urban Development; Subchapter B Mortgage and Loan Insurance Programs under National Housing Act and Other Authorities; Part 241 Supplementary Financing for Insured Project Mortgages; Subpart E Insurance for Equity Loans and Acquisition Loans Eligibility Requirements], the term Acquisition Loan means “a loan or advance of credit made to a purchaser of eligible low income housing which is made for the purpose of implementing a plan of action approved in accordance with part 248 of this chapter.”
Legal Definition list
Related Legal Terms
- Accessible Route [HUD]
- Accident Potential Zone [HUD]
- Acquisition
- Acquisition and Cross-Servicing Agreement
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Assistance [Transportation]
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Cost of Equipment [Education]
- Acquisition Credit
- Acquisition Debt
