§ 232.901 Mortgages covering existing projects are eligible for insurance
§ 232.902 Eligible project
§ 232.903 Maximum mortgage limitations
§ 232.904 Term of the mortgage
§ 232.905 Labor standards and prevailing wage requirements
§ 232.906 Processing of applications and required fees

Terms Used In CFR > Title 24 > Subtitle B > Chapter II > Subchapter B > Part 232 > Subpart E - Insurance of Mortgages Covering Existing Projects

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Statute: A law passed by a legislature.