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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 24 - Housing and Urban Development |
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Subtitle B - Regulations Relating to Housing and Urban Development |
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Chapter II - Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development |
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SubChapter B - Mortgage and Loan Insurance Programs Under National Housing Act and Other Authorities |
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Part 203 - Single Family Mortgage Insurance |
| Subpart A - Eligibility Requirements and Underwriting Procedures |
| Eligible Properties |
| § 203.37 - Nature of title to realty. |
| § 203.38 - Location of dwelling. |
| § 203.39 - Standards for buildings. |
| § 203.40 - Location of property. |
| § 203.41 - Free assumability; exceptions. |
| § 203.42 - Rental properties. |
| § 203.43 - Eligibility of miscellaneous type mortgages. |
| § 203.44 - Eligibility of advances. |
| § 203.45 - Eligibility of graduated payment mortgages. |
| § 203.47 - Eligibility of growing equity mortgages. |
| § 203.49 - Eligibility of adjustable rate mortgages. |
| § 203.50 - Eligibility of rehabilitation loans. |
| § 203.51 - Applicability. |
| § 203.52 - Acceptance of individual residential water purification equipment. |
| § 203.43a - Eligibility of mortgages covering housing in certain neighborhoods. |
| § 203.43b - Eligibility of mortgages on single-family condominium units. |
| § 203.43c - Eligibility of mortgages involving a dwelling unit in a cooperative housing development. |
| § 203.43d - Eligibility of mortgages in certain communities. |
| § 203.43e - [Reserved] |
| § 203.43f - Eligibility of mortgages covering manufactured homes. |
| § 203.43g - Eligibility of mortgages in certain communities. |
| § 203.43h - Eligibility of mortgages on Indian land insured pursuant to section 248 of the National Housing Act. |
| § 203.43i - Eligibility of mortgages on Hawaiian Home Lands insured pursuant to section 247 of the National Housing Act. |
| § 203.43j - Eligibility of mortgages on Allegany Reservation of Seneca Nation of Indians. |
| § 203.37a - Sale of property. |
| Eligible Mortgages |
| § 203.17 - Mortgage provisions. |
| § 203.18 - Maximum mortgage amounts. |
| § 203.19 - Qualified mortgage. |
| § 203.20 - Agreed interest rate. |
| § 203.21 - Amortization provisions. |
| § 203.22 - Payment of insurance premiums or charges; prepayment privilege. |
| § 203.23 - Mortgagor's payments to include other charges. |
| § 203.24 - Application of payments. |
| § 203.25 - Late charge. |
| § 203.26 - Mortgagor's payments when mortgage is executed. |
| § 203.27 - Charges, fees or discounts. |
| § 203.28 - Economic soundness of projects. |
| § 203.29 - Eligible mortgages in Alaska, Guam, Hawaii, or the Virgin Islands. |
| § 203.30 - Certificate of nondiscrimination by the mortgagor. |
| § 203.31 - Mortgagor of a principal residence in military service cases. |
| § 203.18a - Solar energy system. |
| § 203.18b - Increased mortgage amount. |
| § 203.18c - One-time or up-front mortgage insurance premium excluded from limitations on maximum mortgage amounts. |
| § 203.18d - Minimum principal loan amount. |
| Insured Ten-Year Protection Plans (Plan) |
| § 203.200 - Definitions. |
| § 203.201 - Scope. |
| § 203.202 - Plan acceptability and acceptance renewal criteria - general. |
| § 203.203 - Issuance and nature of insured 10-year protection plans. |
| § 203.204 - Requirements and limitations of a plan. |
| § 203.205 - Plan coverage. |
| § 203.206 - Housing performance standards or criteria. |
| § 203.207 - Designated area. |
| § 203.208 - Insurance backing criteria. |
| § 203.209 - Payments under a plan. |
| Direct Endorsement, Lender Insurance, and Commitments |
| § 203.1 - Underwriting procedures. |
| § 203.3 - Approval of mortgagees for Direct Endorsement. |
| § 203.4 - Approval of mortgagees for Lender Insurance. |
| § 203.5 - Direct Endorsement process. |
| § 203.6 - Lender Insurance process. |
| § 203.7 - Commitment process. |
| § 203.8 - xxx |
| Eligible Mortgagors |
| § 203.32 - Mortgage lien. |
| § 203.33 - Relationship of income to mortgage payments. |
| § 203.34 - Credit standing. |
| § 203.35 - Disclosure and verification of Social Security and Employer Identification Numbers. |
| § 203.36 - [Reserved] |
| Miscellaneous Regulations |
| § 203.9 - Disclosure regarding interest due upon mortgage prepayment. |
| § 203.10 - Informed consumer choice for prospective FHA mortgagors. |
| § 203.12 - Mortgage insurance on proposed or new construction. |
| § 203.14 - Builders' warranty. |
| § 203.15 - Certification of appraisal amount. |
| § 203.16 - Certificate and contract regarding use of dwelling for transient or hotel purposes. |
| § 203.16a - Mortgagor and mortgagee requirement for maintaining flood insurance coverage. |
| Effective Date |
| § 203.249 - Effect of amendments. |
| Subpart B - Contract Rights and Obligations |
| Mortgage Insurance Premiums—One-Time Payment |
| OPEN-END Insurance Charges - All Mortgages |
| § 203.270 - Open-end insurance charges. |
| Mortgage Insurance Premiums - Periodic Payment |
| § 203.260 - Amount of mortgage insurance premium (periodic MIP). |
| § 203.261 - Calculation of periodic MIP. |
| § 203.262 - Due date of periodic MIP. |
| § 203.264 - Payment of periodic MIP. |
| § 203.265 - Mortgagee's late charge and interest. |
| § 203.266 - Period covered by periodic MIP. |
| § 203.267 - Duration of periodic MIP. |
| § 203.268 - Pro rata payment of periodic MIP. |
| § 203.269 - Method of payment of periodic MIP. |
| Cooperative Unit Mortgages |
| § 203.437 - Mortgages involving a dwelling unit in a cooperative housing development. |
| Forbearance Relief for Military Personnel |
| § 203.345 - Postponement of principal payments - mortgagors in military service. |
| § 203.346 - Postponement of foreclosure - mortgagors in military service. |
| Amendments |
| § 203.499 - Effect of amendments. |
| Mortgage Insurance Premiums - One-Time Payment |
| § 203.280 - One-time or Up-front MIP. |
| § 203.281 - Calculation of one-time MIP. |
| § 203.282 - Mortgagee's late charge and interest. |
| § 203.283 - Refund of one-time MIP. |
| Assignment of Mortgage |
| § 203.350 - Assignment of mortgage. |
| § 203.351 - Application for insurance benefits and fiscal data. |
| § 203.353 - Certification by mortgagee. |
| Mortgages on Property Located on Hawaiian Home Lands |
| § 203.439 - Mortgages on Hawaiian home lands insured pursuant to section 247 of the National Housing Act. |
| Rehabilitation Loans |
| § 203.440 - Definitions. |
| § 203.441 - Insurance of loan. |
| § 203.442 - Contract created by Insurance Certificate or by endorsement. |
| § 203.443 - Insurance premium. |
| § 203.457 - Voluntary termination of contract. |
| § 203.458 - Termination by prepayment of loan. |
| § 203.459 - Notice of termination by lender. |
| § 203.462 - Pro rata payment of premium before termination. |
| § 203.463 - Notice and date of termination by Commissioner. |
| § 203.464 - Effect of termination. |
| § 203.466 - Definition of delinquency and requirement for notice of delinquency to HUD. |
| § 203.467 - Definition of default, date of default, and requirement of notice of default to HUD. |
| § 203.468 - [Reserved] |
| § 203.469 - Reinstatement of defaulted loan. |
| § 203.471 - Special forbearance. |
| § 203.472 - Relief for borrower in military service. |
| § 203.473 - Claim procedure. |
| § 203.474 - Maximum claim period. |
| § 203.476 - Claim application and items to be filed. |
| § 203.477 - Certificate by lender when loan assigned. |
| § 203.478 - Payment of insurance benefits. |
| § 203.479 - Debenture interest rate. |
| § 203.481 - Maturity of debentures. |
| § 203.482 - Registration of debentures. |
| § 203.483 - Forms and amounts of debentures. |
| § 203.484 - Redemption of debentures. |
| § 203.486 - Issue date of debentures. |
| § 203.487 - Cash adjustment. |
| § 203.488 - Sale of interests in insured loans. |
| § 203.489 - Sale of insured loan to approved lender. |
| § 203.491 - Effect of sale of insured loan. |
| § 203.492 - Assignments, pledges and transfers by approved lender. |
| § 203.493 - Declaration of trust. |
| § 203.495 - Transfers of partial interests. |
| Property Title Transfers and Title Waivers |
| § 203.385 - Types of satisfactory title evidence. |
| § 203.386 - Coverage of title evidence. |
| § 203.387 - Acceptability of customary title evidence. |
| § 203.389 - Waived title objections. |
| § 203.390 - Waiver of title - mortgages or property formerly held by the Secretary. |
| § 203.391 - Title objection waiver with reduced insurance benefits. |
| Adjusted Mortgage Insurance Premium |
| § 203.288 - Discontinuance of adjusted premium charge. |
| Default Under Mortgage |
| § 203.330 - Definition of delinquency and requirement for notice of delinquency to HUD. |
| § 203.331 - Definition of default, date of default, and requirement of notice of default to HUD. |
| § 203.332 - [Reserved] |
| § 203.333 - Reinstatement of defaulted mortgage. |
| Claim Procedure |
| § 203.355 - Acquisition of property. |
| § 203.356 - Notice of foreclosure and pre-foreclosure sale; reasonable diligence requirements. |
| § 203.357 - Deed in lieu of foreclosure. |
| § 203.358 - Direct conveyance of property. |
| § 203.359 - Time of conveyance to the Secretary. |
| § 203.360 - Notice of property transfer or pre-foreclosure sale and application for insurance benefits. |
| § 203.361 - Acceptance of property by Commissioner. |
| § 203.362 - Conditions for withdrawal of application for insurance benefits. |
| § 203.363 - Effect of noncompliance with regulations. |
| § 203.364 - Mortgagee's liability for property expenditures. |
| § 203.365 - Documents and information to be furnished the Secretary; claims review. |
| § 203.366 - Conveyance of marketable title. |
| § 203.367 - Contents of deed and supporting documents. |
| § 203.368 - Claims without conveyance procedure. |
| § 203.369 - Deficiency judgments. |
| § 203.370 - Pre-foreclosure sales. |
| § 203.371 - Partial claim. |
| Termination of Insurance Contract |
| § 203.315 - Termination by conveyance to other than Commissioner. |
| § 203.316 - Termination by prepayment of mortgage. |
| § 203.317 - Termination by voluntary agreement. |
| § 203.318 - Notice of termination by mortgagee. |
| § 203.319 - Pro rata payment of premiums and charges. |
| § 203.320 - Notice and date of termination by Commissioner. |
| § 203.321 - Effect of termination. |
| Mortgage Insurance Premiums—In General |
| Open-end Insurance Charges—All Mortgages |
| Mortgages on Property in Allegany Reservation of Seneca Indians |
| § 203.439a - Mortgages on property in Allegany Reservation of Seneca Nation of Indians authorized by section 203(q) of the National Housing Act. |
| Payment of Insurance Benefits |
| § 203.400 - Method of payment. |
| § 203.401 - Amount of payment - conveyed and non-conveyed properties. |
| § 203.402 - Items included in payment - conveyed and non-conveyed properties. |
| § 203.403 - Items deducted from payment - conveyed and non-conveyed properties. |
| § 203.404 - Amount of payment - assigned mortgages. |
| § 203.405 - Debenture interest rate. |
| § 203.406 - Maturity of debentures. |
| § 203.407 - Registration of debentures. |
| § 203.408 - Form and amounts of debentures. |
| § 203.409 - Redemption of debentures. |
| § 203.410 - Issue date of debentures. |
| § 203.411 - Cash adjustment. |
| § 203.412 - Payment for foreclosure alternative actions. |
| § 203.413 - [Reserved] |
| § 203.414 - Amount of payment - partial claims. |
| § 203.402a - Reimbursement for uncollected interest. |
| Certificate of Claim |
| § 203.415 - Delivery of certificate of claim. |
| § 203.416 - Amount and items of certificate of claim. |
| § 203.417 - Rate of interest of certificate of claim. |
| Calculation of Mortgage Insurance Premium on or After July 1, 1991 |
| § 203.284 - Calculation of up-front and annual MIP on or after July 1, 1991. |
| § 203.285 - Fifteen-year mortgages: Calculation of up-front and annual MIP on or after December 26, 1992. |
| Voluntary Termination |
| § 203.295 - Voluntary termination. |
| Definitions |
| § 203.251 - Definitions. |
| Graduated Payment Mortgages |
| § 203.436 - Claim procedure - graduated payment mortgages. |
| Extension of Time |
| § 203.496 - Actions to be taken by mortgagee or lender. |
| Condition of Property |
| § 203.377 - Inspection and preservation of properties. |
| § 203.378 - Property condition. |
| § 203.379 - Adjustment for damage or neglect. |
| § 203.380 - Certificate of property condition. |
| § 203.381 - Occupancy of property. |
| § 203.382 - Cancellation of hazard insurance. |
| §§ 203.375--203.376 - [Reserved] |
| Mutual Mortgage Insurance Fund and Distributive Shares |
| § 203.420 - Nature of Mutual Mortgage Insurance Fund. |
| § 203.421 - Allocation of Mutual Mortgage Insurance Fund income or loss. |
| § 203.422 - Right and liability under Mutual Mortgage Insurance Fund. |
| § 203.423 - Distribution of distributive shares. |
| § 203.424 - Maximum amount of distributive shares. |
| § 203.425 - Finality of determination. |
| § 203.426 - Inapplicability to housing in older declining urban areas. |
| § 203.427 - Statute of limitations on payment of distributive shares. |
| Sale, Assignment and Pledge of Insured Mortgage |
| § 203.430 - Sale of interests in insured mortgages. |
| § 203.431 - Sale of insured mortgage to approved mortgagee. |
| § 203.432 - Effect of sale of insured mortgage. |
| § 203.433 - Assignments, pledges and transfers by approved mortgagee. |
| § 203.434 - Declaration of trust. |
| § 203.435 - Transfers of partial interests. |
| Mortgage Insurance Premiums - In General |
| § 203.259 - Method of payment of MIP. |
| § 203.259a - Scope. |
| Endorsement and Contract of Insurance |
| § 203.255 - Insurance of mortgage. |
| § 203.256 - Insurance of open-end advance. |
| § 203.257 - Creation of the contract. |
| § 203.258 - Substitute mortgagors. |
| Mortgages on Property Located on Indian Land |
| § 203.438 - Mortgages on Indian land insured pursuant to section 248 of the National Housing Act. |
| Mortgage Insurance Premiums—Periodic Payment |
| Continuation of Insurance |
| § 203.340 - Special forbearance. |
| § 203.341 - Partial claim. |
| § 203.342 - Mortgage modification. |
| § 203.343 - Partial release, addition or substitution of security. |
| Subpart C - Servicing Responsibilities |
| Payments, Charges and Accounts |
| § 203.550 - Escrow accounts. |
| § 203.552 - Fees and charges after endorsement. |
| § 203.554 - Enforcement of late charges. |
| § 203.556 - Return of partial payments. |
| § 203.558 - Handling prepayments. |
| Mortgages in Default on Property Located on Indian Reservations |
| § 203.664 - Processing defaulted mortgages on property located on Indian land. |
| Occupied Conveyance |
| § 203.670 - Conveyance of occupied property. |
| § 203.671 - Criteria for determining the Secretary's interest. |
| § 203.672 - Residential areas. |
| § 203.673 - Habitability. |
| § 203.674 - Eligibility for continued occupancy. |
| § 203.675 - Notice to occupants of pending acquisition. |
| § 203.676 - Request for continued occupancy. |
| § 203.677 - Decision to approve or deny a request. |
| § 203.678 - Conveyance of vacant property. |
| § 203.679 - Continued occupancy after conveyance. |
| § 203.680 - Approval of occupancy after conveyance. |
| § 203.681 - Authority of HUD Field Office Managers. |
| General Requirements |
| § 203.500 - Mortgage servicing generally. |
| § 203.501 - Loss mitigation. |
| § 203.502 - Responsibility for servicing. |
| § 203.508 - Providing information. |
| § 203.510 - Release of personal liability. |
| § 203.512 - Free assumability; exceptions. |
| Mortgages in Default on Property Located on Hawaiian Home Lands |
| § 203.665 - Processing defaulted mortgages on property located on Hawaiian home lands. |
| Assignment and Forbearance - Property in Allegany Reservation of Seneca Indians |
| § 203.666 - Processing defaulted mortgages on property in Allegany Reservation of Seneca Nation of Indians. |
| Mortgagee Action and Forbearance |
| § 203.600 - Mortgage collection action. |
| § 203.602 - Delinquency notice to mortgagor. |
| § 203.604 - Contact with the mortgagor. |
| § 203.605 - Loss mitigation performance. |
| § 203.606 - Pre-foreclosure review. |
| § 203.608 - Reinstatement. |
| § 203.610 - Relief for mortgagor in military service. |
| § 203.614 - Special forbearance. |
| § 203.616 - Mortgage modification. |
| Assignment and Forbearance—Property in Allegany Reservation of Seneca Indians |