24 CFR 1005.120 - Qualified mortgage.

Regulations last checked for updates: May 19, 2024

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

View all text of Part 1005 [§ 1005.101 - § 1005.120]

§ 1005.120 - Qualified mortgage.

A mortgage guaranteed under section 184 of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z-13a), except for mortgage transactions exempted under § 203.19(c)(2), is a safe harbor qualified mortgage that meets the ability-to-repay requirements in 15 U.S.C. 1639c(a).

[78 FR 75237, Dec. 11, 2013]

authority: 12 U.S.C. 1715z-13a; 15 U.S.C. 1639c; 42 U.S.C. 3535(d)

source: 61 FR 9054, Mar. 6, 1996, unless otherwise noted. Redesignated at 63 FR 12349, Mar. 12, 1998.

cite as: 24 CFR 1005.120