24 CFR 203.37
§ 203.37 Nature of title to realty.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 203.37, § 203.37 Nature of title to realty, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99488
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Full text
A mortgage, to be eligible for insurance, must be on real estate held in fee simple, or on leasehold 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.