{"data":{"id":"us/24-cfr-206.13","jurisdiction":"us","citation":"24 CFR 206.13","heading":"Disclosure of available HECM program options.","body":"At the time of initial contact, the mortgagee shall inform the prospective HECM borrower, in a manner acceptable to the Commissioner, of all products, features, and options of the HECM program that FHA will insure under this part, including: fixed interest rate mortgages with the Single Lump Sum payment option; adjustable interest rate mortgages with tenure, term, and line of credit disbursement options, or a combination of these; any other FHA insurable disbursement options; and initial mortgage insurance premium options, and how those affect the availability of other mortgage and disbursement options.","path":["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 206—HOME EQUITY CONVERSION MORTGAGE INSURANCE","Subpart B—Eligibility; Endorsement"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-24.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:55Z","sha256":"66de777ae6b852d8918d11c16c6c32ed96c9b42f72f026c29885c40c88f789c3","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-206.9","next":"us/24-cfr-206.15"},"notice":"GroundRules: Original legal text. Not legal advice."}