---
kind: "section"
citation: "7 C.F.R. § 3550.72"
title: "7"
number: "3550.72"
heading: "Community land trusts."
url: "https://uscodex.org/cfr/7/3550.72"
---

# §3550.72. Community land trusts.


Eligible dwellings located on land owned by a community land trust may be financed if:

- (a) The loan meets all the requirements of this subpart; and
- (b) **Any restrictions, imposed by the community land trust on the property or applicant are—**
  - (1) Reviewed and accepted by RHS before loan closing; and
  - (2) Automatically and permanently terminated upon foreclosure or acceptance by RHS of a deed in lieu of foreclosure.

## Notes

### Authority

Authority: 5 U.S.C. 301; 42 U.S.C. 1480.

### Source

Source: 61 FR 59779, Nov. 22, 1996, unless otherwise noted.