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24 CFR 200.410

§ 200.410 Definition of term “applicant”.

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

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24 CFR 200.410, § 200.410 Definition of term “applicant”, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99297
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(a) In any mortgage or loan insurance transaction under this chapter where the Commissioner will control the mortgagor either through the ownership of corporate stock or under the provisions of a regulatory agreement, the term applicant as used in § 200.415 shall mean the mortgagor. (b) In any transaction other than one specified in paragraph (a) of this section, the term applicant as used in § 200.415 shall mean the developer, or the builder, dealer or contractor performing the construction, repair or rehabilitation work for the property owner.

Legislative history

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