24 CFR 232.586

§ 232.586 Minimum principal loan amount.

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

Cite this

Citation: 24 CFR 232.586, § 232.586 Minimum principal loan amount, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99994
Permanent ID: ys:prov:99994@1
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Full text

A mortgagee may not require, as a condition of providing a loan secured by a mortgage insured under this subpart, that the principal amount of the mortgage exceed a minimum amount established by the mortgagee.

Legislative history

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