---
kind: "section"
citation: "24 C.F.R. § 241.505"
title: "24"
number: "241.505"
heading: "Processing of applications and required fees."
url: "https://uscodex.org/cfr/24/241.505"
---

# §241.505. Processing of applications and required fees.

- (a) **Preapplication conference.** The local HUD Office will determine whether participation in a preapplication conference is required as a condition to submission of an initial application for a firm commitment for insurance of an energy savings improvement loan on a project. An application for a firm commitment for insurance must be submitted by both the project sponsor and an approved lender. Applications shall be submitted to the local HUD Office on HUD-approved forms. No application will be considered unless accompanied by all exhibits required by the form and program handbooks.
- (b) **Application for firm commitment.** An application for a firm commitment shall be accompanied by the payment of an application fee of $5 per thousand dollars of the requested loan amount to be insured.
- (c) **Cross-reference.** The provisions of paragraphs (e) (Inspection fee), (f)(1) (Fee on increases), (g) (Reopening of expired commitments), (i) (Refund of fees), and (j) (Fees not required) of [§ 200.40](/cfr/24/200.40.md) of this chapter apply to applications submitted under [subpart E](/cfr/24/subpartE.md) of this part.

## Notes

### Amendments

[61 FR 14416, Apr. 1, 1996]

### Source

Source: 45 FR 57983, Aug. 29, 1980, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 1715b, 1715z-6, and 1735d; 42 U.S.C. 3535(d).

### Source

Source: 36 FR 24653, Dec. 22, 1971, unless otherwise noted.

### Amendments

[61 FR 14416, Apr. 1, 1996]