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 207—MULTIFAMILY HOUSING MORTGAGE INSURANCE › Subpart A—Eligibility Requirements

24 C.F.R. § 207.1

Eligibility requirements

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The eligibility requirements set forth in 24 CFR part 200, subpart A, apply to multifamily project mortgages insured under section 207 of the National Housing Act (12 U.S.C. 1713), as amended.

[61 FR 14405, Apr. 1, 1996]
Notes of Decisions
Cited in 6 cases, 1966–1993 · leading case: El Dorado Springs v. United States, 28 Fed. Cl. 132 (Fed. Cl. 1993).
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El Dorado Springs v. United States, 28 Fed. Cl. 132 (Fed. Cl. 1993). · cites it 4× “24 C.F.R. § 207.1 (a)-(b) (1992). An applicant may then submit another application for a conditional commitment or a firm commitment for mortgage insurance from HUD.”
Angleton v. Pierce, 574 F. Supp. 719 (D.N.J. 1983). “4 HUD has promulgated regulations that govern its administration of the section 207 mortgage insurance program, 24 C.F.R. §§ 207.1 -.499 (1982), as well as an Insured *725 Project Servicing Handbook, HM 4350.”
515 Assocs. v. City of Newark, 424 F. Supp. 984 (D.N.J. 1977). “See 24 C.F.R. §§ 207.1 et seq. (1976). 3 When the mortgagor, the mortgagee and the project have satisfied the conditions of eligibility, HUD undertakes to insure virtually the entire principal amount of the mortgage loan.”
Nat'l State Bank of Newark v. The United States. The Bowery Sav. Bank v. The United States, 357 F.2d 704 (Ct. Cl. 1966). “The exhaustive regulations in 24 C.F.R. § 207.1 -.264 (1965 Ed.) fill in the interstices.”
Gramercy Spire Tenants' Ass'n v. Harris, 446 F. Supp. 814 (S.D.N.Y. 1977). “During the term that the Secretary is the insurer or the holder of the mortgage, HUD exercises considerable supervision over the mortgagor, the precise nature of which is set forth in the regulations promulgated by the Secretary at 24 C.F.R. § 207.1 et seq. HUD, inter alia,…”
Gramercy Spire Tenants'ass'n v. Harris, 446 F. Supp. 814 (S.D.N.Y. 1977). “During the term that the Secretary is the insurer or the holder of the mortgage, HUD exercises considerable supervision over the mortgagor, the precise nature of which is set forth in the regulations promulgated by the Secretary at 24 C.F.R. § 207.1 et seq. HUD, inter alia,…”
— 24 C.F.R. § 207.1(a) — 1 case
El Dorado Springs v. United States, 28 Fed. Cl. 132 (Fed. Cl. 1993). “24 C.F.R. § 207.1 (a)-(b) (1992). An applicant may then submit another application for a conditional commitment or a firm commitment for mortgage insurance from HUD.”
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