13 CFR 123.7 – Are there restrictions on how disaster loans can be used?
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You must use disaster loans to restore or replace your primary home (including a mobile home used as a primary residence) and your personal or business property as nearly as possible to their condition before the disaster occurred, and within certain limits, to protect damaged or destroyed real property from possible future disasters.
Terms Used In 13 CFR 123.7
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.