24 CFR 203.37 - Nature of title to realty.

Regulations last checked for updates: May 16, 2024

Title 24 - Housing and Urban Development last revised: May 07, 2024

View all text of Subpart A [§ 203.1 - § 203.249]

§ 203.37 - Nature of title to realty.

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.

[49 FR 21319, May 21, 1984]

authority: 12 U.S.C. 1707,1709,1710,1715b,1715z,1715u,and; 15 U.S.C. 1639c; 42 U.S.C. 3535(d)

source: 36 FR 24508, Dec. 22, 1971, unless otherwise noted.

cite as: 24 CFR 203.37