§241.586. Minimum principal loan amount.
24 C.F.R. § 241.586
A mortgagee may not require, as a condition of providing a loan insured under this subpart, that the principal amount of the mortgage exceed a minimum amount established by the mortgagee.
Notes, amendments, and revision history
Amendments
[53 FR 8886, Mar. 18, 1988]
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
[53 FR 8886, Mar. 18, 1988]