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Code of Federal Regulations (Last Updated: July 5, 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 232 - Mortgage Insurance for Nursing Homes, Intermediate Care Facilities, Board and Care Homes, and Assisted Living Facilities

Subpart C - Eligibility Requirements - Supplemental Loans To Finance Purchase and Installation of Fire Safety Equipment

Eligible Security Instruments

§ 232.586 - Minimum principal loan amount.

Latest version.

§ 232.586 Minimum principal loan amount.

A mortgagee may not require, as a condition of providing a loan secured by a mortgage insured under this subpart, that the principal amount of the mortgage exceed a minimum amount established by the mortgagee.

[53 FR 8885, Mar. 18, 1988]

                    
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