The Commissioner shall renegotiate and modify the terms of an equity loan insured under this subpart at the request of the owner of the project for which a loan closing occurred if—
The loan closing occurred between September 28, 1992 and January 26, 1993;
The loan was made pursuant to a plan of action submitted under subpart C of part 248 of this chapter; and
The plan of action was accepted by the Commissioner for processing in December 1991.
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