19.4.10.6 Borrower’s Counsel Opinion

A. For all bond transactions, the Opinion of Borrower's Counsel must include opinion 10. Borrower’s counsel may rely on the bond counsel’s opinion to provide opinion 10, if bond counsel is able to provide opinion 10 according to the requirements listed in the following section, Section 19.4.10.7. If the bond counsel opinion does not provide opinion 10 consistent with these requirements, Borrower’s counsel may not rely on the bond counsel opinion and must undertake its own due diligence and provide opinion 10 without reference to a supplemental bond counsel’s opinion.