§1000.146. Are binding commitments for the remaining useful life of property applicable to a family member or household member who subsequently takes ownership of a homeownership unit?
24 C.F.R. § 1000.146
No. The transfer of a homeownership unit to a family member or household member is not subject to a binding commitment for the remaining useful life of the property. Any subsequent transfer by the family member or household member to a third party (not a family member or household member) is subject to any remaining useful life under a binding commitment.
Notes, amendments, and revision history
Amendments
[77 FR 71526, Dec. 3, 2012]
Authority
Authority: 25 U.S.C. 4101 et seq.; 42 U.S.C. 3535(d).
Source
Source: 63 FR 12349, Mar. 12, 1998, unless otherwise noted.
Amendments
[77 FR 71526, Dec. 3, 2012]