---
kind: "section"
citation: "24 C.F.R. § 266.405"
title: "24"
number: "266.405"
heading: "Title."
url: "https://uscodex.org/cfr/24/266.405"
---

# §266.405. Title.

- (a) **Eligibility of title.** Marketable title to the mortgaged property must be vested in the mortgagor on the date the mortgage is filed for record.
- (b) **Title evidence.** The HFA must receive a title insurance policy that ensures that marketable title is vested in the mortgagor, that a survey acceptable to the HFA has been performed, and that no existing impediments to title concern, or exist on, the property.

## Notes

### Authority

Authority: 12 U.S.C. 1715z-22.; 42 U.S.C. 3535(d).

### Source

Source: 59 FR 62524, Dec. 5, 1994, unless otherwise noted.