eligible single family property

(7) Eligible single family property The term “eligible single family property” means a 1- to 4-family residence (including a manufactured home)— (A) to which the Corporation acquires title in its corporate capacity, its capacity as conservator, or its capacity as receiver (including in its capacity as the sole owner of a subsidiary corporation of a depository institution under conservatorship or receivership, which subsidiary has as its principal business the ownership of real property); and (B) that has an appraised value that does not exceed the amount provided in section 203(b)(2)(A) of the National Housing Act [ 12 U.S.C. 1709(b)(2)(A) ] except that such amount shall not exceed $101,250 in the case of a 1-family residence, $114,000 in the case of a 2-family residence, $138,000 in the case of a 3-family residence, and $160,000 in the case of a 4-family residence.


12 USC § 1831q(p)(7)

Scoping language

For purposes of this section
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