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Electronic Code of Federal Regulations

e-CFR data is current as of March 30, 2020

Title 24Subtitle BChapter IISubchapter B → Part 244


Title 24: Housing and Urban Development


PART 244—MORTGAGE INSURANCE FOR GROUP PRACTICE FACILITIES [TITLE XI]


Contents

Subpart A—Eligibility Requirements

§244.1   Eligibility requirements.
§244.2   License.

Subpart B—Contract Rights and Obligations

§244.251   Cross-reference.

Authority: 12 U.S.C. 1715b, 1749aaa-5); 42 U.S.C. 3535(d).

Source: 36 FR 24663, Dec. 22, 1971, unless otherwise noted.

Subpart A—Eligibility Requirements

Source: 61 FR 14407, Apr. 1, 1996, unless otherwise noted.

§244.1   Eligibility requirements.

The requirements set forth in 24 CFR part 200, subpart A, apply to group practice facilities (title XI) of the National Housing Act (12 U.S.C. 1749aaa), as amended.

§244.2   License.

The Commissioner shall not insure any mortgage under this part unless the appropriate licensing agency for the State, municipality or other political subdivision in which a project is or is to be located provides such assurances as the Commissioner considers necessary that the facility will comply with any applicable State or local standards and requirements for such facilities.

Subpart B—Contract Rights and Obligations

§244.251   Cross-reference.

(a) All of the provisions, except §207.258b, of part 207, subpart B of this chapter relating to mortgages insured under section 207 of the National Housing Act apply to a mortgage covering a group practice facility insured under title XI of the National Housing Act.

(b) For the purposes of this subpart all references in part 207 of this chapter to section 207 of the Act shall be construed to refer to title XI of the Act.

(c) All of the definitions in §244.1 shall apply to this subpart. In addition as used in this part, the term contract of insurance means the agreement evidenced by the Commissioner's insurance endorsement and includes the provisions of this subpart and of the Act.

[36 FR 24663, Dec. 22, 1971, as amended at 50 FR 38787, Sept. 25, 1985]

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