7 CFR 3550.72
§ 3550.72 Community land trusts.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 3550.72, § 3550.72 Community land trusts, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30242
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Full text
Eligible dwellings located on land owned by a community land trust may be financed if:
(a) The loan meets all the requirements of this subpart; and
(b) Any restrictions, imposed by the community land trust on the property or applicant are:
(1) Reviewed and accepted by RHS before loan closing; and
(2) Automatically and permanently terminated upon foreclosure or acceptance by RHS of a deed in lieu of foreclosure.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.