Regulations last checked for updates: Nov 25, 2024

Title 24 - Housing and Urban Development last revised: Nov 13, 2024
All TitlesTitle 24Chapter IIPart 200Subpart A - Subpart A—Requirements for Application, Commitment, and Endorsement Generally Applicable to Multifamily and Health Care Facility Mortgage Insurance Programs; and Continuing Eligibility Requirements for Existing Projects
View all text of Subpart A [§ 200.3 - § 200.106]
§ 200.50 - Building loan agreement.

The mortgagor and mortgagee must execute a building loan agreement approved by the Commissioner, that sets forth the terms and conditions under which progress payments may be advanced during construction, before initial endorsement of the mortgage for insurance.

authority: 12 U.S.C. 1702-1715z-21; 42 U.S.C. 3535(d)
source: 36 FR 24467, Dec. 22, 1971, unless otherwise noted.
cite as: 24 CFR 200.50
© 2014 CustomsMobile | Disclaimer | Privacy | About