24 CFR 234.65
§ 234.65 Nature of title.
United States · 24 CFR — Housing and Urban Development · Status: effective
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- Citation
- 24 CFR 234.65, § 234.65 Nature of title, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100049
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Full text
A mortgage, to be eligible for insurance, shall be on a fee interest in, or on a leasehold interest in, a one-family unit in a project including an undivided interest in the common areas and facilities, and such restricted common areas and facilities as may be designated. To be eligible, a leasehold interest shall be under a lease for not less than 99 years which is renewable, or under a lease having a period of not less than 10 years to run beyond the maturity date of the mortgage.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.