Eligible Transferee. An eligible transferee is one who meets the eligi- bility requirements of this subpart and includes situations involving transfers of housing in an area that has ceased to be rural. Loans made and ▇▇▇▇▇▇- ▇▇▇▇ under this subpart prior to March 29, 1989, may be transferred to an appli- cant meeting all eligibility require- ments of this subpart except the appli- cant’s adjusted annual income may ex- ceed the maximum income for the area by not more than 10 percent.
Appears in 2 contracts
Sources: Rental Agreement, Rental Agreement