§241.545. Covenant against liens.
24 C.F.R. § 241.545
The security instrument shall contain a covenant against the creation by the borrower of additional liens against the property superior or inferior to the lien of such instrument, except with the prior approval of the Commissioner.
Notes, amendments, and revision history
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.