24 CFR 232.901

§ 232.901 Mortgages covering existing projects are eligible for insurance.

United States · 24 CFR — Housing and Urban Development · Status: effective

Cite this

Citation: 24 CFR 232.901, § 232.901 Mortgages covering existing projects are eligible for insurance, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100025
Permanent ID: ys:prov:100025@1
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Full text

A mortgage executed in connection with the purchase or refinancing of an existing project without substantial rehabilitation may be insured under this subpart pursuant to section 223(f) of the Act. A mortgage insured pursuant to this subpart shall meet all other requirements of this part except as expressly modified by this subpart.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.