24 CFR 200.50
§ 200.50 Building loan agreement.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 200.50, § 200.50 Building loan agreement, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99222
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Full text
The mortgagor and mortgagee must execute a building loan agreement approved by the Commissioner, that sets forth the terms and conditions under which progress payments may be advanced during construction, before initial endorsement of the mortgage for insurance.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.