(a) Provisions. All of the provisions of §§ 203.251 through 203.436 of this chapter ( part 203, subpart B) covering mortgages insured under section 203 of the National Housing Act shall apply to mortgages insured under section 234(c) of the National Housing Act except the following provisions:
203.281Calculation of one-time MIP.
203.282Mortgagee's late charge and interest.
203.283Refund of one-time MIP.
203.357Deed in lieu of foreclosure.
203.379Adjustment for damage or neglect.
203.380Certificate of property condition.
203.389Waived title objections.
203.420Nature of Mutual Mortgage Insurance Fund.
203.421Allocation of Mutual Mortgage Insurance Fund income or loss.
203.422Right and liability under Mutual Mortgage Insurance Fund.
203.423Distribution of distributive shares.
203.424Maximum amount of distributive shares.
203.425Finality of determination.
203.440 et seq.Insured home improvement loans.
(b) References. For the purposes of this subpart, all references in §§ 203.251 through 203.436 of this chapter ( part 203, subpart B) to section 203 of the Act, one- to four-family, and the Mutual Mortgage Insurance Fund, shall be construed to refer to section 234 of the act, one-family unit, and the General Insurance Fund. The term property or each family dwelling unit as used in §§ 203.251 through 203.436 of this chapter ( part 203, subpart B) shall be construed to include “the one-family unit and the undivided interest in the common areas and facilities as may be designated”.
[36 FR 24628, Dec. 22, 1971, as amended at 41 FR 42949, Sept. 29, 1976; 42 FR 29305, June 8, 1977; 48 FR 28807, June 23, 1983; 55 FR 34814, Aug. 24, 1990]
Title 24 published on 2012-04-01
no entries appear in the Federal Register after this date.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.