Requires loan recipients to: (1) give workers prevailing wage rates; and (2) report annually to the state and the Secretary on the impact of the loan.
Not exact matches
Since VA
loans don't
require a down payment and closing costs are normally paid by the seller, many VA
loan recipients end up putting that money toward closing costs and prepaid items or even getting it all back.
Recipients of the
loan can purchase a home with no down payment, and no private mortgage insurance is
required.
VA home
loan recipients are
required to purchase homeowners insurance for their houses, but special options just for people in the armed... Read More
Other reasons may be for acquiring capital, like SBA
loans for small businesses, which
require life insurance be in place with the lender as the
recipient of the proceeds.
Recipients are
required to pay back the
loan six months after the child stops pursuing at least half of the standard academic workload
required.