StacksVerified U.S. regulatory reference

24 CFR §1000.412

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Yes. To obtain multiple guarantees, the issuer shall demonstrate that:
  1. (a)The issuer will not exceed a total for all notes or other obligations in an amount equal to five times its grant amount, excluding any amount no longer owed on existing notes or other obligations; and
  2. (b)Issuance of additional notes or other obligations is within the financial capacity of the issuer.