24 CFR 203.493

§ 203.493 Declaration of trust.

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

Cite this

Citation: 24 CFR 203.493, § 203.493 Declaration of trust, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99660
Permanent ID: ys:prov:99660@1
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Full text

A sale of a beneficial interest in a group of insured loans, where the interest to be acquired is related to all of the loans as an entirety, rather than an interest in a specific loan, shall be made only pursuant to a declaration of trust, which has been approved by the Commissioner prior to any such sale.

Legislative history

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