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Electronic Code of Federal Regulations

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e-CFR Data is current as of October 21, 2014

Title 24Subtitle BChapter IISubchapter BPart 241


TITLE 24—Housing and Urban Development

Subtitle B—REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENT (CONTINUED)

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

rule

Subpart A—ELIGIBILITY REQUIREMENTS

§241.1
Eligibility requirements.
rule

Subpart B—CONTRACT RIGHTS AND OBLIGATIONS

§241.251
Cross-reference.
§241.260
Definitions.
§241.261
Payment of insurance benefits.
§241.265
Insurance of property against flood.
§241.270
Refund upon termination of insurance.
§241.275
No vested right in fund.
rule

Subpart C—ELIGIBILITY REQUIREMENTS—SUPPLEMENTAL LOANS TO FINANCE PURCHASE AND INSTALLATION OF ENERGY CONSERVING IMPROVEMENTS, SOLAR ENERGY SYSTEMS, AND INDIVIDUAL UTILITY METERS IN MULTIFAMILY PROJECTS WITHOUT A HUD-INSURED OR HUD-HELD MORTGAGE

§241.500
Definitions.

Fees and Charges

§241.505
Processing of applications and required fees.
§241.510
Commitments.
§241.515
Inspection fee.
§241.520
Fees on increases.
§241.525
Refund of fees.
§241.530
Maximum fees and charges by lender.

Eligible Security Instruments

§241.530a
Note and security form.
§241.535
Loan multiples—minimum principal.
§241.540
Method of loan payment and amortization period.
§241.545
Covenant against liens.
§241.550
Accumulation of next premium.
§241.555
Security instrument and lien.
§241.560
Agreed interest rate.
§241.565
Maximum loan amount.
§241.570
Insurance endorsement.
§241.580
Application of payments.
§241.585
Prepayment privileges and prepayment charge.
§241.586
Minimum principal loan amount.

Property Requirements

§241.590
Eligibility of property.

Title

§241.595
Eligibility of title.
§241.600
Title evidence.

Form of Contract

§241.605
Contract requirements.
§241.610
Assurance of completion.
§241.615
Certification of cost requirements.

Eligible Borrowers

§241.625
Eligible borrowers.
§241.626
Disclosure and verification of Social Security and Employer Identification Numbers.

Special Requirements

§241.630
Maximum insurance against loss.
§241.635
Regulatory agreement.
§241.640
Employment discrimination prohibited.
§241.645
Labor standards and prevailing wage requirements.
rule

Subpart D—CONTRACT RIGHTS AND OBLIGATIONS—MULTIFAMILY PROJECTS WITHOUT A HUD-INSURED OR HUD-HELD MORTGAGE

§241.800
Definitions.

Premiums

§241.805
Insurance premiums.
§241.805a
Mortgagee's late charge.
§241.815
Termination of insurance.
§241.825
Pro rata refund of insurance premium.

Rights and Duties of Lender Under the Contract of Insurance

§241.830
Definition of default.
§241.840
Date of default.
§241.850
Notice of default.
§241.860
Commissioner's right to require acceleration.
§241.865
Election by the lender.
§241.875
Maximum claim period.
§241.880
Items to be delivered on submitting claim.
§241.885
Insurance benefits.
§241.890
Characteristics of debentures.
§241.893
Cash adjustment.

Assignments

§241.895
Assignment of insured loans.

Extension of Time

§241.897
Actions to be taken by lender.

Rights in Housing Fund

§241.900
No vested right in fund.
§241.905
Effect of amendments.
rule

Subpart E—INSURANCE FOR EQUITY LOANS AND ACQUISITION LOANS—ELIGIBILITY REQUIREMENTS

§241.1000
Purpose and scope.
§241.1005
Definitions.
§241.1010
Feasibility letter.
§241.1015
Processing of applications and required fees.
§241.1020
Commitments.
§241.1025
Refund of fees.
§241.1030
Mortgage insurance premiums.
§241.1035
Charges by lender.
§241.1040
Eligible lenders.
§241.1045
Note and security form.
§241.1046
Rental assistance.
§241.1050
Method of loan payment.
§241.1055
Date of first payment to principal.
§241.1060
Maturity.
§241.1065
Maximum loan amount—loans insured in connection with a plan of action under subpart C of part 248 of this chapter.
§241.1067
Maximum loan amount—loans insured in connection with a plan of action under subpart B of part 248 of this chapter.
§241.1068
Renegotiation of an equity loan.
§241.1069
Escrow requirements.
§241.1070
Agreed interest rate.
§241.1080
Eligibility of title.
§241.1085
Title evidence.
§241.1090
Accumulation of next premium.
§241.1095
Application of payments.
§241.1100
Prepayment privilege and charges.
§241.1105
Late charges.
§241.1120
Mortgagee's consent.
rule

Subpart F—INSURANCE FOR EQUITY LOANS AND ACQUISITION LOANS—CONTRACT RIGHTS AND OBLIGATIONS

§241.1200
Cross-references.
§241.1205
Payment of insurance benefits.
§241.1210
Condition for payment of insurance benefits.
§241.1215
Calculation of insurance benefits.
§241.1220
Termination of insurance benefits.
§241.1230
No vested right in fund.
§241.1235
Cross default.
§241.1245
Insurance endorsement.
§241.1250
Effect of endorsement.


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