---
kind: "section"
citation: "24 C.F.R. § 241.586"
title: "24"
number: "241.586"
heading: "Minimum principal loan amount."
url: "https://uscodex.org/cfr/24/241.586"
---

# §241.586. Minimum principal loan amount.


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

[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]