24 C.F.R. PART 203--SINGLE FAMILY MORTGAGE INSURANCE
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 203--SINGLE FAMILY MORTGAGE INSURANCE
Subpart A--ELIGIBILITY REQUIREMENTS AND UNDERWRITING PROCEDURES
|
Approval of mortgagees for Direct Endorsement.
|
|
|
Approval of mortgagees for Lender Insurance.
|
|
|
Direct Endorsement process.
|
|
|
Lender Insurance process.
|
|
|
Disclosure regarding interest due upon mortgage prepayment.
|
|
|
Informed consumer choice for prospective FHA mortgagors.
|
|
|
Mortgage insurance on proposed or new construction.
|
|
|
Certification of appraisal amount.
|
|
|
Certificate and contract regarding use of dwelling for transient or hotel purposes.
|
|
|
Mortgagor and mortgagee requirement for maintaining flood insurance coverage.
|
|
|
Maximum mortgage amounts.
|
|
|
Increased mortgage amount.
|
|
|
One-time or up-front mortgage insurance premium excluded from limitations on maximum mortgage amounts.
|
|
|
Minimum principal loan amount.
|
|
|
Mortgagor's minimum investment.
|
|
|
Payment of insurance premiums or charges; prepayment privilege.
|
|
|
Mortgagor's payments to include other charges.
|
|
|
Mortgagor's payments when mortgage is executed.
|
|
|
Charges, fees or discounts.
|
|
|
Economic soundness of projects.
|
|
|
Eligible mortgages in Alaska, Guam, Hawaii, or the Virgin Islands.
|
|
|
Certificate of nondiscrimination by the mortgagor.
|
|
|
Mortgagor of a principal residence in military service cases.
|
|
|
Relationship of income to mortgage payments.
|
|
|
Disclosure and verification of Social Security and Employer Identification Numbers.
|
|
|
Nature of title to realty.
|
|
|
Free assumability; exceptions.
|
|
|
Eligibility of miscellaneous type mortgages.
|
|
|
Eligibility of mortgages covering housing in certain neighborhoods.
|
|
|
Eligibility of mortgages involving a dwelling unit in a cooperative housing development.
|
|
|
Eligibility of mortgages in certain communities.
|
|
|
Eligibility of mortgages covering houses in federally impacted areas.
|
|
|
Eligibility of mortgages covering manufactured homes.
|
|
|
Eligibility of mortgages in certain communities.
|
|
|
Eligibility of mortgages on Indian land insured pursuant to section 248 of the National Housing Act.
|
|
|
Eligibility of mortgages on Hawaiian Home Lands insured pursuant to section 247 of the National Housing Act.
|
|
|
Eligibility of mortgages on Allegany Reservation of Seneca Nation of Indians.
|
|
|
Eligibility of graduated payment mortgages.
|
|
|
Eligibility of growing equity mortgages.
|
|
|
Eligibility of adjustable rate mortgages.
|
|
|
Eligibility of rehabilitation loans.
|
|
|
Acceptance of individual residential water purification equipment.
|
|
|
Plan acceptability and acceptance renewal criteria--general.
|
|
|
Issuance and nature of insured 10-year protection plans.
|
|
|
Requirements and limitations of a plan.
|
|
|
Housing performance standards or criteria.
|
|
|
Insurance backing criteria.
|
|
Subpart B--CONTRACT RIGHTS AND OBLIGATIONS
|
Insurance of open-end advance.
|
|
|
Creation of the contract.
|
|
|
Method of payment of MIP.
|
|
|
Amount of mortgage insurance premium (periodic MIP).
|
|
|
Calculation of periodic MIP.
|
|
|
Due date of periodic MIP.
|
|
|
Mortgagee's late charge and interest.
|
|
|
Period covered by periodic MIP.
|
|
|
Duration of periodic MIP.
|
|
|
Pro rata payment of periodic MIP.
|
|
|
Method of payment of periodic MIP.
|
|
|
Open-end insurance charges.
|
|
|
One-time or Up-front MIP.
|
|
|
Calculation of one-time MIP.
|
|
|
Mortgagee's late charge and interest.
|
|
|
Calculation of up-front and annual MIP on or after July 1, 1991.
|
|
|
Fifteen-year mortgages: Calculation of up-front and annual MIP on or after December 26, 1992.
|
|
|
Discontinuance of adjusted premium charge.
|
|
|
Termination by conveyance to other than Commissioner.
|
|
|
Termination by prepayment of mortgage.
|
|
|
Termination by voluntary agreement.
|
|
|
Notice of termination by mortgagee.
|
|
|
Pro rata payment of premiums and charges.
|
|
|
Notice and date of termination by Commissioner.
|
|
|
Definition of delinquency and requirement for notice of delinquency to HUD.
|
|
|
Definition of default, date of default, and requirement of notice of default to HUD.
|
|
|
Reinstatement of defaulted mortgage.
|
|
|
Partial release, addition or substitution of security.
|
|
|
Postponement of principal payments--mortgagors in military service.
|
|
|
Postponement of foreclosure--mortgagors in military service.
|
|
|
Application for insurance benefits and fiscal data.
|
|
|
Certification by mortgagee.
|
|
|
Notice of foreclosure and pre-foreclosure sale; reasonable diligence requirements.
|
|
|
Deed in lieu of foreclosure.
|
|
|
Direct conveyance of property.
|
|
|
Time of conveyance to the Secretary.
|
|
|
Notice of property transfer or pre-foreclosure sale and application for insurance benefits.
|
|
|
Acceptance of property by Commissioner.
|
|
|
Conditions for withdrawal of application for insurance benefits.
|
|
|
Effect of noncompliance with regulations.
|
|
|
Mortgagee's liability for property expenditures.
|
|
|
Documents and information to be furnished the Secretary; claims review.
|
|
|
Conveyance of marketable title.
|
|
|
Contents of deed and supporting documents.
|
|
|
Claims without conveyance procedure.
|
|
|
Inspection and preservation of properties.
|
|
|
Adjustment for damage or neglect.
|
|
|
Certificate of property condition.
|
|
|
Cancellation of hazard insurance.
|
|
|
Types of satisfactory title evidence.
|
|
|
Coverage of title evidence.
|
|
|
Acceptability of customary title evidence.
|
|
|
Waiver of title--mortgages or property formerly held by the Secretary.
|
|
|
Title objection waiver with reduced insurance benefits.
|
|
|
Amount of payment--conveyed and non-conveyed properties.
|
|
|
Items included in payment--conveyed and non-conveyed properties.
|
|
|
Reimbursement for uncollected interest.
|
|
|
Items deducted from payment--conveyed and non-conveyed properties.
|
|
|
Amount of payment--assigned mortgages.
|
|
|
Registration of debentures.
|
|
|
Form and amounts of debentures.
|
|
|
Redemption of debentures.
|
|
|
Issue date of debentures.
|
|
|
Payment for foreclosure alternative actions.
|
|
|
Amount of payment--partial claims.
|
|
|
Delivery of certificate of claim.
|
|
|
Amount and items of certificate of claim.
|
|
|
Rate of interest of certificate of claim.
|
|
|
Nature of Mutual Mortgage Insurance Fund.
|
|
|
Allocation of Mutual Mortgage Insurance Fund income or loss.
|
|
|
Right and liability under Mutual Mortgage Insurance Fund.
|
|
|
Distribution of distributive shares.
|
|
|
Maximum amount of distributive shares.
|
|
|
Finality of determination.
|
|
|
Inapplicability to housing in older declining urban areas.
|
|
|
Statute of limitations on payment of distributive shares.
|
|
|
Sale of interests in insured mortgages.
|
|
|
Sale of insured mortgage to approved mortgagee.
|
|
|
Effect of sale of insured mortgage.
|
|
|
Assignments, pledges and transfers by approved mortgagee.
|
|
|
Transfers of partial interests.
|
|
|
Claim procedure--graduated payment mortgages.
|
|
|
Mortgages involving a dwelling unit in a cooperative housing development.
|
|
|
Mortgages on Indian land insured pursuant to section 248 of the National Housing Act.
|
|
|
Mortgages on Hawaiian home lands insured pursuant to section 247 of the National Housing Act.
|
|
|
Mortgages on property in Allegany Reservation of Seneca Nation of Indians authorized by section 203(q) of the National Housing Act.
|
|
|
Contract created by Insurance Certificate or by endorsement.
|
|
|
Voluntary termination of contract.
|
|
|
Termination by prepayment of loan.
|
|
|
Notice of termination by lender.
|
|
|
Pro rata payment of premium before termination.
|
|
|
Notice and date of termination by Commissioner.
|
|
|
Definition of delinquency and requirement for notice of delinquency to HUD.
|
|
|
Definition of default, date of default, and requirement of notice of default to HUD.
|
|
|
Reinstatement of defaulted loan.
|
|
|
Relief for borrower in military service.
|
|
|
Claim application and items to be filed.
|
|
|
Certificate by lender when loan assigned.
|
|
|
Payment of insurance benefits.
|
|
|
Registration of debentures.
|
|
|
Forms and amounts of debentures.
|
|
|
Redemption of debentures.
|
|
|
Issue date of debentures.
|
|
|
Sale of interests in insured loans.
|
|
|
Sale of insured loan to approved lender.
|
|
|
Effect of sale of insured loan.
|
|
|
Assignments, pledges and transfers by approved lender.
|
|
|
Transfers of partial interests.
|
|
|
Actions to be taken by mortgagee or lender.
|
|
Subpart C--SERVICING RESPONSIBILITIES
|
Mortgage servicing generally.
|
|
|
Responsibility for servicing.
|
|
|
Release of personal liability.
|
|
|
Free assumability; exceptions.
|
|
|
Fees and charges after endorsement.
|
|
|
Enforcement of late charges.
|
|
|
Return of partial payments.
|
|
|
Mortgage collection action.
|
|
|
Delinquency notice to mortgagor.
|
|
|
Contact with the mortgagor.
|
|
|
Loss mitigation performance.
|
|
|
Relief for mortgagor in military service.
|
|
|
Processing defaulted mortgages on property located on Indian land.
|
|
|
Processing defaulted mortgages on property located on Hawaiian home lands.
|
|
|
Processing defaulted mortgages on property in Allegany Reservation of Seneca Nation of Indians.
|
|
|
Conveyance of occupied property.
|
|
|
Criteria for determining the Secretary's interest.
|
|
|
Eligibility for continued occupancy.
|
|
|
Notice to occupants of pending acquisition.
|
|
|
Request for continued occupancy.
|
|
|
Decision to approve or deny a request.
|
|
|
Conveyance of vacant property.
|
|
|
occupancy after conveyance.
|
|
|
Approval of occupancy after conveyance.
|
|
|
Authority of HUD Field Office Managers.
|
|