24 CFR 206.17

§ 206.17 Eligible mortgages: general.

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

Cite this

Citation: 24 CFR 206.17, § 206.17 Eligible mortgages: general, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99712
Permanent ID: ys:prov:99712@1
SHA-256: 72df86cd906d36fd153d521eacab51040bc529492ad656913cd9efb29f6b2abd

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) [Reserved] (b) Interest rate and payment options. A HECM shall provide for either fixed or adjustable interest rates in accordance with § 206.21. (1) Fixed interest rate mortgages shall use the Single Lump Sum payment option (§ 206.19(e)). (2) Adjustable interest rate mortgages shall initially provide for the term (§ 206.19(a)), the tenure (§ 206.19(b)), the line of credit (§ 206.19(c)), or a modified term or modified tenure (§ 206.19(d)) payment option, subject to a later change in accordance with § 206.26. (c) Shared appreciation. A mortgage may provide for shared appreciation in accordance with § 206.23.

Legislative history

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