[Code of Federal Regulations]
[Title 24, Volume 3]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR573.6]

[Page 195]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
  CHAPTER V--OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND 
        DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 573_LOAN GUARANTEE RECOVERY FUND--Table of Contents
 
Sec. 573.6  Submission requirements.

    A Financial Institution seeking a Section 4 Guaranteed Loan must 
submit to HUD the following documentation:
    (a) A statement that the institution is a Financial Institution as 
defined at Sec. 573.2.
    (b) A statement that the Borrower is eligible as defined at Sec. 
573.2.
    (c) A description of each eligible activity for which the loan is 
requested.
    (d) A statement of other available funds to be used to finance the 
eligible activities (e.g., insurance proceeds).
    (e) A certification by the Borrower that the activities to be 
assisted resulted from an act of arson or terrorism which is the subject 
of the certification described in paragraph (f) of this section.
    (f) A certification by a QCO that the damage or destruction to be 
remedied by the use of the Guaranteed Loan Funds resulted from an act of 
arson or terrorism.
    (g) The environmental documentation required by Sec. 573.8.
    (h) A narrative of the institution's underwriting standards used in 
reviewing the Borrower's loan request.
    (i) The interest rate on the loan and fees the lender intends to use 
in connection with the loan; and
    (j) The percentage of the loan for which a guarantee is requested.