Nevada Administrative Code
Chapter 319 - Assistance to Finance Housing
LOANS FOR MULTIPLE-UNIT HOUSING AND SITES FOR MOBILE HOMES
Section 319.7145 - Review of contract for sale of land
Universal Citation: NV Admin Code 319.7145
Current through February 27, 2024
When determining whether to approve a loan application, the Division shall review the contract for the sale of land on which the project is to be built. If the contract reveals a high percentage markup of the cost of the land without documented improvements that add value, the Division may disapprove the application or decrease the amount of financing that it will provide by the amount of the markup that is disapproved by the Division.
Added to NAC by Housing Div. by R093-00, eff. 11-20-2000
NRS 319.140
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