Common use of Limitations on approval Clause in Contracts

Limitations on approval. (i) Separate approval as lender or mortgagee is required for participation in the Title I or Title II programs, re- spectively. Application must be made, and approval will be granted, on the basis of one or both categories of pro- grams, as is appropriate.

Limitations on approval. (i) Separate approval as lender or mortgagee is required for participation in the Title I or Title II programs, re- spectively. Application must be made, and approval will be granted, on the 24 CFR Ch. II (4–1–03 Edition) basis of one or both categories of pro- grams, as is appropriate.