24 C.F.R. § 206.33

Age of borrower

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The youngest borrower shall be 62 years of age or older at the time of loan closing.

Notes of Decisions

Cited in 7 cases, 2011–2016 · leading case: Plunkett v. Donovan, 67 F. Supp. 3d 1 (D.D.C. 2014).

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Plunkett v. Donovan, 67 F. Supp. 3d 1 (D.D.C. 2014). “For purposes of these loans, therefore, if there is more than one borrower, the younger borrower’s PLF is used under 24 C.F.R. § 206.33 . Prior to Bennett II , married couples often took out HECMs only in the name of the older spouse in order to receive a bigger loan amount up…”

Bennett v. Donovan, 797 F. Supp. 2d 69 (D.D.C. 2011). “” 24 C.F.R. § 206.33 . 3 . Plaintiffs note that the Secretary may protect the mortgagor’s and the mortgagee’s interests by providing funds to which they would otherwise be entitled.”

In re Peake, 480 B.R. 367 (Bankr. D. Kan. 2012). · cites it 2× “The HECM program enables older homeowners (must be 62 years of age or older) to "withdraw” the equity in their home in the form of monthly payments or, as in this case, a lump sum. See generally, http://portal.hud.gov/hudportal/ HUD?src=/program_offices/housing/sfh/…”

Nationstar Mortg. v. Williams, L. (Pa. Super. Ct. 2016). · cites it 2× “§ 1715z-20(a) and (b) (defining eligibility requirements for participation in reverse mortgage market as “any homeowner who is, or whose spouse is, at least 62 years of age or such higher age as the Secretary [of Housing and Urban Development (HUD)] may prescribe”); 24 C.F.R. §…”

Carolyn Larsen v. OneWest Bank, FSB (Tex. App. 2015). · cites it 2× “166a(c) 9 viii STATEMENT OF THE CASE The underlying case involved Appellant's efforts to prevent foreclosure of a real property lien following non-payment of a loan.”

Bennett v. Donovan (D.D.C. 2011). “” 24 C.F.R. § 206.33 . 3 Id. § 1715z-20(j) (“subsection (j)”).”

Fin. Freedom Acquisition, LLC v. Laroche, 32 Mass. L. Rptr. 540 (Mass. Super. Ct. 2015). “2011), citing 24 C.F.R. §206.33 -.41. This entire action is centered on the fact that Laroche did not hold title to the entire property.”

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