HUD - 24 CFR PART 242
MORTGAGE INSURANCE FOR HOSPITALS
| Organization: | HUD |
| Publication Date: | 1 April 2018 |
| Status: | active |
| Page Count: | 30 |
scope:
Definitions.
As used in this subpart, the following terms shall have the meaning indicated:
Acquisition means the purchase by an eligible mortgagor of an existing hospital facility and ancillary property associated therewith.
Act means the National Housing Act (12 U.S.C. 1701 et seq.).
Affiliate means a person or entity which, directly orindirectly, either controls or has the power to control or exert significant influence on the other, or a person and entity both controlled by a third person or entity, which may be a parent entity. Indicia of control include, but are not limited to: Interlocking management or ownership, identity of interests among family members, shared facilities and equipment, common use of employees, or a business entity organized following the suspension or debarment of a person or entity that has the same or similar management, ownership, or principal employees as the suspended, debarred, ineligible, or voluntarily excluded person or entity or as defined in the Medicare reimbursement regulations.
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