C.F.R. » Title 24 » CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT › SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES › PART 203—SINGLE FAMILY MORTGAGE INSURANCE › Subpart A—Eligibility Requirements and Underwriting Procedures

24 C.F.R. § 203.15

Certification of appraisal amount

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An application with respect to insurance of mortgages must be accompanied by an agreement satisfactory to the Commissioner, executed by the seller, builder or such other person as may be required by the Commissioner, whereby the person agrees that before any sale of the dwelling, the person will deliver to the purchaser of the property a written statement, in a form satisfactory to the Commissioner, setting forth the amount of the appraised value of the property as determined by the Commissioner.

[58 FR 41001, July 30, 1993]
Notes of Decisions
Cited in 1 case, 2005–2005 · leading case: Consum. Prot. Div. v. Morgan, 874 A.2d 919 (Md. 2005).
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Consum. Prot. Div. v. Morgan, 874 A.2d 919 (Md. 2005). · cites it 2× “24 C.F.R. § 203.15 (2004). The purchaser signs a “Statement of Appraised Value” form acknowledging that the lender disclosed the appraised value and alerting the purchaser that he or she may elect to cancel or renegotiate the sales contract if the underwriter determines the…”
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