 |
Code of Federal Regulations (Last Updated: May 6, 2024) |
 |
Title 24 - Housing and Urban Development |
|
Subtitle B - Regulations Relating to Housing and Urban Development |
|
Chapter II - Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development |
|
SubChapter B - Mortgage and Loan Insurance Programs Under National Housing Act and Other Authorities |
|
Part 206 - Home Equity Conversion Mortgage Insurance |
|
Subpart B - Eligibility; Endorsement |
§ 206.9 - Eligible mortgagees.
Latest version.
-
§ 206.9 Eligible mortgagees.
(a) Statutory requirements. ( See section 255sections (b)(3) of NHA)2), (c), and 255(d)(1) of the NHA.
(b) HUD approved mortgagees. Any mortgagee authorized under paragraph (a) of this section and approved under part 202 of this chapter, except an investing mortgagee approved under § 202.9 of this chapter, is eligible to apply for insurance. A mortgagee approved under §§ 202.6, 202.7, 202.9 or 202.10 of this chapter may purchase, hold and sell mortgages insured under this part without additional approval.
[54 FR 24833, June 9, 1989; 54 FR 32060, Aug. 4, 1989, as amended at 57 FR 58350, Dec. 9, 1992; 60 FR 42759, Aug. 16, 1995; 61 FR 36266, July 9, 1996; 61 FR 49033, Sept. 17, 1996; 62 FR 20088, Apr. 24, 1997]