identity of interest agent
Defined in 1 place of the United States Code.
In this section, the terms "agent employed to manage the property that has an identity of interest" and "identity of interest agent" mean an entity—
Source
- 1997–201512 U.S.C. § 1735FBanks and Banking · Civil money penalties against multifamily mortgagors · in this section
In this section, the terms “agent employed to manage the property that has an identity of interest” and “identity of interest agent” mean an entity—
(1) that has management responsibility for a project;
(2) in which the ownership entity, including its general partner or partners (if applicable) and its officers or directors (if applicable), has an ownership interest; and
(3) over which the ownership entity exerts effective control.
Source
- 2013–present12 U.S.C. § 1735FBanks and Banking · Civil money penalties against multifamily mortgagors · in this section