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How is “controlled” defined for purposes of determining eligible borrowers and the applicability of the EAWA?

April 26, 2017applicability borrowers defined determining eawa eligible purposes

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How is “controlled” defined for purposes of determining eligible borrowers and the applicability of the EAWA?

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An entity controls a company if, among other things, the entity owns, controls, or holds with power to vote 25 percent or more of a class of voting securities, or total equity of, the company.