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e-CFR data is current as of July 8, 2020

Title 24Subtitle BChapter IISubchapter BPart 206Subpart B → §206.15


Title 24: Housing and Urban Development
PART 206—HOME EQUITY CONVERSION MORTGAGE INSURANCE
Subpart B—Eligibility; Endorsement


§206.15   Insurance.

Mortgages originated under this part must be endorsed through the Direct Endorsement program under §203.5 of this chapter, except that any references to §203.255 in §203.5 shall mean §206.115. The mortgagee shall submit the information as described in §206.115(b) for the Direct Endorsement program; the certificate of housing counseling as described in §206.41; a copy of the title insurance commitment satisfactory to the Commissioner (or other acceptable title evidence if the Commissioner has determined not to require title insurance under §206.45(a)); the mortgagee's election of either the assignment or shared premium option under §206.107; and any other documentation required by the Commissioner. If the mortgagee has complied with the requirements of §§203.3 and 203.5, except that any reference to §203.255 in these sections shall mean §206.115 for purposes of this section, and other requirements of this part, and the mortgage is determined to be eligible, the Commissioner will endorse the mortgage for insurance by issuing a Mortgage Insurance Certificate.

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