§232.901. Mortgages covering existing projects are eligible for insurance.
24 C.F.R. § 232.901
A mortgage executed in connection with the purchase or refinancing of an existing project without substantial rehabilitation may be insured under this subpart pursuant to section 223(f) of the Act. A mortgage insured pursuant to this subpart shall meet all other requirements of this part except as expressly modified by this subpart.
Notes, amendments, and revision history
Amendments
[59 FR 61228, Nov. 29, 1994]
Source
Source: 53 FR 33735, Aug. 31, 1988, unless otherwise noted.
Authority
Authority: 12 U.S.C. 1715b, 1715w, 1735d, and 1735f-19; 42 U.S.C. 3535(d).
Source
Source: 36 FR 24618, Dec. 22, 1971, unless otherwise noted.
Amendments
[59 FR 61228, Nov. 29, 1994]