C.F.R. » Title 24 » CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT › SUBCHAPTER A—GENERAL › PART 200—INTRODUCTION TO FHA PROGRAMS › Subpart A—Requirements for Application, Commitment, and Endorsement Generally Applicable to Multifamily and Health Care Facility Mortgage Insurance Programs; and Continuing Eligibility Requirements for Exi…

24 C.F.R. § 200.3

Definitions

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(a) The definitions “department”, “elderly person”, “family”, “HUD”, and “Secretary”, as used in this subpart A, shall have the meanings given these terms in 24 CFR part 5.

(b) The terms “first mortgage”, “hospital”, “maturity date”, “mortgage”, “mortgagee”, and “state”, as used in this subpart A shall have the meaning given in the section of the National Housing Act (12 U.S.C. 1701), as amended, under which the project mortgage is insured.

(c) As used in this subpart A:

Act means the National Housing Act, (12 U.S.C. 1701) as amended.

Commissioner means the Federal Housing Commissioner.

FHA means the Federal Housing Administration.

Insured mortgage means a mortgage which has been insured by the endorsement of the credit instrument by the Commissioner, or the Commissioner's duly authorized representative.

Project means a property consisting of site, improvements and, where permitted, equipment meeting the provisions of the applicable section of the Act, other applicable statutes and regulations, and terms, conditions and standards established by the Commissioner.

[61 FR 14399, Apr. 1, 1996, as amended at 77 FR 5675, Feb. 3, 2012]
Notes of Decisions
Cited in 3 cases, 1958–1990 · leading case: United States v. McNinch, 356 U.S. 595 (1958).
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United States v. McNinch, 356 U.S. 595 (1958). · cites it 4× “A borrower desiring to obtain a loan makes application to the lending institution, either directly or through contractors, on an FHA form which provides for the disclosure of certain information, 24 CFR § 200.3 (a). Within 31 days after the loan is made, the lending institution…”
Fenner v. Bruce Manor, Inc., 409 F. Supp. 1332 (D. Maryland 1976). “See 24 C.F.R. § 200.3 . However, the FHA does not make direct loans or build housing; it merely operates insurance programs under the provisions of the Act.”
Hous. Study Grp. v. Kemp, 732 F. Supp. 180 (D.D.C. 1990). “The first is the section 221(d) program, which "is designed to assist private industry in providing housing for low and moderate income families and displaced families” through the construction and substantial rehabilitation of multifamily rental housing complexes and retirement…”
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