Fire Safety Equipment Loan [HUD] Law and Legal Definition
Pursuant to 24 CFR 201.2 [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 201 Title I Property Improvement and Manufactured Home Loans; Subpart A General], the term Fire Safety Equipment Loan means “a loan made to finance the purchase and installation of any device or construction feature which is recognized in the latest edition of the Department of Housing and Urban Development's Minimum Property Standards for Care Type Housing (HUD Handbook 4920.1) or the Fire Safety Code of the National Fire Protection Association, and which is designed to reduce the risk of death, personal injury, or property damage resulting from a fire in a health care facility.”
Legal Definition list
Related Legal Terms
- Accessible Route [HUD]
- Accident Potential Zone [HUD]
- Accountable Rail Equipment Accident
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Cost of Equipment [Education]
- Acquisition Loan [HUD]
- Acquisition, Development and Construction (ADC) Loan
- Actuarial Method [HUD]
- Adam Walsh Child Protection and Safety Act
