Terms Used In CFR > Title 40 > Chapter I > Subchapter O

• Administrative expenses: (1) Include general office and operating expenses such as telephone and photocopy charges, printing, legal, and professional fees, postage, courier services, and office supplies. See 30 CFR 550.251
• Assignment of the mortgage: If the mortgagee assigns the mortgage on the individual dwelling unit to the Commissioner, the mortgagee shall certify:

  (1) To any changes in the plan of apartment ownership including the administration of the property. See 24 CFR 206.131

• Borrower: means a mortgagor who is an original borrower under the HECM Loan Agreement and Note. See 24 CFR 206.3
• Commissioner: means the Federal Housing Commissioner or the Commissioner's authorized representative. See 24 CFR 206.3
• Contract of insurance: means the agreement evidenced by the issuance of a Mortgage Insurance Certificate or by the endorsement of the Commissioner upon the credit instrument given in connection with an insured mortgage, incorporating by reference the regulations in subpart C of this part and the applicable provisions of the National Housing Act. See 24 CFR 206.3
• CZMA: means Coastal Zone Management Act. See 30 CFR 550.200
• Directorate: means the board established under section 21(b) of the Bank Act (12 U. See 30 CFR 550.251
• DOCD: means Development Operations Coordination Document. See 30 CFR 550.200
• DPP: means Development and Production Plan. See 30 CFR 550.200
• EIA: means Environmental Impact Analysis. See 30 CFR 550.200
• Insured mortgage: means a mortgage which has been insured as evidenced by the issuance of a Mortgage Insurance Certificate. See 24 CFR 206.3
• MIP: means the mortgage insurance premium paid by the mortgagee to the Commissioner in consideration of the contract of insurance. See 24 CFR 206.3
• Mortgage: means a first lien on real estate under the laws of the jurisdiction where the real estate is located. See 24 CFR 206.3
• Mortgagee: means original lender under a mortgage and its successors and assigns, as are approved by the Commissioner. See 24 CFR 206.3
• Non-administrative expenses: means custodian fees, issuance costs, and interest on Financing Corporation obligations. See 30 CFR 550.251
• NPDES: means National Pollutant Discharge Elimination System. See 30 CFR 550.200
• Obligations: means debentures, bonds, and similar debt securities issued by the Financing Corporation under sections 21(c)(3) and (e) of the Bank Act (12 U. See 30 CFR 550.251
• OCS: means Outer Continental Shelf. See 30 CFR 550.200
• property: as used in this subpart shall be construed to include the individual dwelling unit and the undivided interest in the common areas and facilities as may be designated. See 24 CFR 206.131
• Receivership proceeds: means the liquidating dividends and payments made on claims received by the Federal Savings and Loan Insurance Corporation Resolution Fund established under section 11A of the Federal Deposit Insurance Act (12 U. See 30 CFR 550.251