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. § 203.40

Location of property

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The mortgaged property shall be located within the United States, Puerto Rico, Guam, the Virgin Islands, the Commonwealth of the Northern Mariana Islands, and American Samoa. The mortgaged property, if otherwise acceptable to the Commissioner, may be located in any community where the housing standards meet the requirements of the Commissioner.

[49 FR 12697, Mar. 30, 1984, as amended at 61 FR 36264, July 9, 1996]
Notes of Decisions
Cited in 1 case, 2004–2004 · leading case: Wells Fargo Home Mtge. v. Hiddekel Church of God, 2004 NY Slip Op 50054(U) (N.Y. Sup. Kings 2004).
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Wells Fargo Home Mtge. v. Hiddekel Church of God, 2004 NY Slip Op 50054(U) (N.Y. Sup. Kings 2004). “§ 1709 (k), and the regulations promulgated thereunder ( see 24 C.F.R. § 203.40 , et seq.). Such loans are administered by the federal government through the Department of Housing and Urban Development ("HUD").”
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