24 CFR 203.44 - Eligibility of advances.

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]

§ 203.44 - Eligibility of advances.

Mortgagees may not make open-end advances under section 225 of the National Housing Act (12 U.S.C. 1715p) in connection with the mortgages insured under this chapter.

[61 FR 36264, July 9, 1996]

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 203.44