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ARTICLE · 20 MAY 2013

Summary Of HUD’s LEAN 232 Program E-Mail Blast: Office Of Residential Care Facilities (ORCF), April 29, 2013

A quick synopsis of the latest LEAN update.

United StatesFinance and Banking

In an effort to summarize the highlights of the U.S. Department of Housing and Urban Development (HUD) LEAN E-mail Blasts that we receive, and rarely have time to review in a timely fashion, we at Pepper are providing this quick synopsis of the latest LEAN update. Our aim is to provide pertinent information succinctly as a roadmap to the LEAN E-mail Blasts, not to replace the LEAN E-mail Blasts. We hope you find these summaries helpful. A link to the complete April 29, 2013 LEAN E-Mail Blast is available here.

Implementation of New Section 232 Documents Delayed Until July

On March 14, 2013, HUD published a notice regarding the new/revised Section 232 documents (FR–5623–N–03). The revised Section 232 Healthcare documents are available here. The Notice made 47 of the 115 documents effective for transactions for which a firm commitment was issued on or after April 9, 2013 (which was the date many of the new Rule requirements became effective). After the industry rose

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