GroundRules
24 CFR 241.1068: Renegotiation of an equity loan.
Where this section sits in the code
- Title 24—Housing and Urban Development
- Subtitle B—Regulations Relating to Housing and Urban Development
- CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
- SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES
- PART 241—SUPPLEMENTARY FINANCING FOR INSURED PROJECT MORTGAGES
- Subpart E—Insurance for Equity Loans and Acquisition Loans—Eligibility Requirements
The Commissioner shall renegotiate and modify the terms of an equity loan insured under this subpart at the request of the owner of the project for which a loan closing occurred if—
(a) The loan closing occurred between September 28, 1992 and January 26, 1993;
(b) The loan was made pursuant to a plan of action submitted under subpart C of part 248 of this chapter; and
(c) The plan of action was accepted by the Commissioner for processing in December 1991.
Collected 2026-08-27T02:24:55Z. Source file · JSON