13 CFR 123.107 - How much can I borrow for post-disaster mitigation for my home?

Regulations last checked for updates: Nov 25, 2024

Title 13 - Business Credit and Assistance last revised: Nov 20, 2024

View all text of Subpart B [§ 123.100 - § 123.108]

§ 123.107 - How much can I borrow for post-disaster mitigation for my home?

For mitigation measures implemented after a disaster has occurred, you can request that the approved home disaster loan amount be increased by the lesser of the cost of the mitigation measure, or up to 20 percent of the verified loss (before deducting compensation from other sources), to a maximum of $500,000.

[75 FR 14332, Mar. 25, 2010, as amended at 88 FR 39341, June 16, 2023]

authority: 15 U.S.C. 632,634,636,636,657n,and

source: 61 FR 3304, Jan. 31, 1996, unless otherwise noted.

cite as: 13 CFR 123.107