N.J. Admin. Code § 7:1A-2.25

Current through Register Vol. 56, No. 24, December 18, 2024

Section 7:1A-2.25 - Formal loan award amendments

(a) The Department shall require a formal loan award amendment to change principal provisions of a loan where project changes substantially alter the cost or time of performance of the project or any major phase thereof.

(b) The Department and borrower shall effect a formal loan award amendment only by a written amendment to the loan award document.

As amended, R.1984 d.232, effective 6/18/1984.
See: 16 New Jersey Register 631(a), 16 New Jersey Register 1479(a).
"Formal loan award amendments" was formerly codified at N.J.A.C. 7:1A-2.26.