---
kind: "section"
citation: "24 C.F.R. § 203.37"
title: "24"
number: "203.37"
heading: "Nature of title to realty."
url: "https://uscodex.org/cfr/24/203.37"
---

# §203.37. Nature of title to realty.


A mortgage, to be eligible for insurance, must be on real estate held in fee simple, or on leasehold under a lease for not less than 99 years which is renewable, or under a lease having a period of not less than 10 years to run beyond the maturity date of the mortgage.


## Notes

### Amendments

[49 FR 21319, May 21, 1984]

### Authority

Authority: 12 U.S.C. 1707, 1709, 1710, 1715b, 1715z-16, 1715u, and 1715z-21; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).

### Source

Source: 36 FR 24508, Dec. 22, 1971, unless otherwise noted.

### Amendments

[49 FR 21319, May 21, 1984]