Nev. Admin. Code § 319.7155
Current through November 8, 2024
Except as otherwise provided in this section, financing which includes bonds with enhancement of credit or direct loans insured by the Federal Housing Administration, the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation must have provisions for the terms of amortization and maturity consistent with the requirements of the applicable program of those agencies. Bonds which are rated by a nationally recognized statistical rating organization and bonds which are directly purchased by a commercial bank or institutional lender may have maximum terms of amortization and maturity of not more than 40 years following the completion of construction.
Nev. Admin. Code § 319.7155
NRS 319.140